EQRx, Inc. announced it has signed a non-binding memorandum of understanding (MOU) with Geisinger. The MOU provides a roadmap for Geisinger and EQRx to enter into a commercial agreement that would give Geisinger's members and patients access to EQRx's pipeline of innovative medicines, contingent upon approval by the U.S. Food and Drug Administration (FDA). The MOU contemplates an expansion of the existing long-term strategic collaboration between the two organizations with a shared goal of bringing innovative therapies to the people Geisinger serves, in a financially sustainable way.

The parties anticipate that the commercial agreement would initially focus on EQRx's two lead oncology programs, aumolertinib and sugemalimab, and could be expanded to other EQRx pipeline programs. Aumolertinib, an epidermal growth factor receptor (EGFR) inhibitor, and sugemalimab, an anti-PD-L1 antibody, have both shown promising Phase 3 data for the treatment of patients with advanced non-small cell lung cancer (NSCLC).