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Tempus AI, Recursion Extend Data License, Amend Fee Structure

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Tempus AI (TEM) and Recursion Pharmaceuticals (RXRX) extended their data license agreement through November 2029 and revised the contract's fee structure.

Up to $84 million in discretionary payments over the next two years will be replaced with $42 million in committed payments over three years, Tempus said Monday in a statement.

Tempus said it also signed a separate agreement granting the company a nonexclusive, worldwide license to Recursion's proprietary RNA sequencing model.

Tempus shares rose 1.8% in Monday trading, and Recursion climbed 2.6%.

Price: $79.27, Change: $+1.43, Percent Change: +1.83%

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