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LIFE SCIENCES · AI · UK INNOVATION

Mishcon de Reya Advises Relation Therapeutics on $110m GSK Collaboration

The agreement is the fourth Relation Therapeutics deal the firm has advised on, and follows the company's multi-programme collaboration with Novartis.

By James Taylor
Head of Partnerships, Private Markets Group Ltd

1 AUGUST 2026

Newspapers stacked on a desk, representing UKFOS editorial news coverage

Mishcon de Reya has advised Relation Therapeutics on a $110 million collaboration with GSK, the firm announced on 1 August 2026.

The strategic research collaboration is focused on generating large-scale human cellular perturbation data and deploying them into models, including MORGAN, Relation's cellular biology foundation model, to deepen understanding of disease biology and support the discovery of potential new therapeutic targets.

A fourth agreement for the same client

The agreement follows the firm's Life Sciences team work in December 2025 advising Relation Therapeutics on its strategic multi-programme collaboration with Novartis, representing almost $1.7 billion in combined funding and support to propel its AI-powered drug discovery.

Patrick Farrant, Partner and Head of Life Sciences at Mishcon de Reya, said: "It has been a pleasure and a privilege to work with the amazing team at Relation Therapeutics on this collaboration. Relation is a long-standing client of the firm, and we have been proud to advise them on the expansion of their relationship with GSK, the fourth agreement we've advised on to date".

The Mishcon de Reya team was led by Patrick Farrant, working with colleagues Dr David Rainford and Sophie Wood.

The Golden Triangle context

The announcement comes after GSK publicised its relocation to a new research and development centre in Cambridge. Mishcon de Reya said it welcomed GSK's commitment to the UK's Golden Triangle, which complements the firm's own vision for operating at the heart of the UK's innovation economy across the arc, with offices in Oxford, Cambridge and London.

What this does and does not tell investors

The collaboration is a research agreement. It funds the generation of data and the application of computational models; it does not of itself establish a therapeutic outcome, and no clinical result has been announced.

For family offices with life sciences exposure, the structure is the point of interest: large pharmaceutical partners are increasingly funding data generation and model development at platform companies rather than acquiring assets outright, which changes both the capital requirement and the risk profile for early backers.

Research commercialisation across the Oxford–Cambridge–London arc is a recurring theme at UKFOS Oxford 2026.

Reported by UKFOS from an announcement by Mishcon de Reya, published 1 August 2026

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