Insilico Medicine signs deal to advance use of AI in discovering new drugs - Technical.ly Baltimore

Business

Jul. 28, 2017 12:38 pm

Insilico Medicine signs deal to advance use of AI in discovering new drugs

The ETC Eastern company signed an agreement with Juvenscence to use its platform to develop new compounds. The goal is to speed up clinical trials.

Insilico Medicine relies on machine learning.

(Photo via Facebook)

Insilico Medicine has a new agreement with a British investor’s biotech company that will result in the company’s platform being used to develop new compounds for use in drugs that treat aging and age-related diseases.

The startup, which is based at ETC’s Eastern campus, signed a deal with Juvenescence AI, according to a press release. As a result, the two companies have a drug development agreement under the title Juvenescence AI Limited. Along with the deal, Juvenescence made an investment into Insilico Medicine. The amount was not disclosed.

Insilico applies machine learning to the process of drug discovery. As founder Alex Zhavoronkov told Technical.ly Baltimore, the company’s platform is designed to use deep learning techniques to analyze how a compound will affect cells. This process is currently determined through trials.

“We are excited by the potential for AI to streamline the longest and most costly portions of the drug development cycle: clinical trials,” Juvenescence Chairman Jim Mellon said in a statement. “With Insilico Medicine’s help, we hope Juvenescence AI will both develop therapeutics that treat the diseases that plague all of us as we age and eventually treat the aging process itself.”

With the deal, Juvenescence AI will license several compound families from Insilico.

-30-
LEAVE A COMMENT

Advertisement

Van Hollen visits institute training Baltimore biotech workers

Gemstone Biotherapeutics receives $225K from ‘America’s Seed Fund’

WindMIL Therapeutics raises $32.5 million

SPONSORED

Baltimore

Win up to $360,000 for your startup at the WeWork Creator Awards

Baltimore

Terbium Labs

Terbium Labs | IT Specialist

Apply Now
Philadelphia, PA (or surrounding areas)

Technically Media

Events Coordinator

Apply Now
Philadelphia or Baltimore Area

Enigma Technologies

Director, Data Acquisition & Strategy

Apply Now

New York firm leads $40M Series A for Baltimore-based Dracen Pharmaceuticals

Paragon Bioservices gets state, county aid for expansion

A Baltimore company is spinning nanofibers into BioPapers

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Philadelphia, PA OR Remote

Stitch, Inc.

Director, Alliances

Apply Now
Baltimore, MD 21201

14 West

Software Trainer

Apply Now
Baltimore, MD 21201

14 West

Technical Course Specialist

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!