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Drug Discovery | Pharma |News, Analysis, Insights - HIT Consultant

 

Is AI Failing Drug Development? The Unseen Challenges

by Noam Solomon, CEO at Immunai 01/16/2025 Leave a Comment

Is AI Failing Drug Development? The Unseen Challenges

For over a decade, we've heard about AI's transformative potential in therapeutics (Tx), but where's the evidence? Has it all been hype? Can AI still revolutionize Tx? Or is there something the AI experts aren't telling us? First, some facts. The process of Tx development—from early clinical trials to FDA approval—is excruciatingly slow (over 10 years), expensive (over $2B, especially for immunotherapy drugs), and comes with a low probability of success (5% in Immune-Oncology, and similarly
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NVIDIA Collaborates with IQVIA, Illumina, and Mayo Clinic to Drive Drug Discovery

by Fred Pennic 01/13/2025 Leave a Comment

NVIDIA Collaborates with IQVIA, Illumina, and Mayo Clinic

What You Should Know:  - NVIDIA announced collaborations with key players like IQVIA, Illumina, Mayo Clinic, and Arc Institute to accelerate drug discovery, enhance genomic research, and pioneer advanced healthcare services using agentic and generative AI. - These strategic partnerships and technologies mark a significant step forward in the application of AI in healthcare.  AI is Transforming Healthcare The convergence of AI, accelerated computing, and biological data is
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Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

by Fred Pennic 01/07/2025 Leave a Comment

Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

What You Should Know:  - Pepticom, an innovator in AI-driven peptide-based therapeutics secures $6.6M in a Series A1 funding round led by Japan Israel High Tech Ventures 2 LP, with strong support from existing investors.  - The new funding will accelerate the development of Pepticom's oral IL-17 inhibitor program, focusing on creating improved treatments for autoimmune diseases like psoriasis and psoriatic arthritis. Revolutionizing Autoimmune Disease Treatment Pepticom is
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M&A: Predictive Oncology to be Acquired by Renovaro

by Fred Pennic 01/06/2025 Leave a Comment

Predictive Oncology to be Acquired by Renovaro

What You Should Know:  - Predictive Oncology Inc. (NASDAQ: POAI), a leader in AI-driven drug discovery, announced its upcoming acquisition by Renovaro, Inc. (NASDAQ: RENB) in a strategic move aimed at accelerating innovation and improving cancer treatment outcomes.  - The merger brings together two companies with a shared commitment to leveraging artificial intelligence and machine learning to transform cancer care. Synergistic Strengths and Shared Vision Both Predictive
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BrightInsight, Sanofi to Build Drug Companion Apps for its Major Specialty Therapies

by Fred Pennic 12/17/2024 Leave a Comment

BrightInsight, Sanofi to Build Drug Companion Apps for its Major Specialty Therapies

What You Should Know:  - BrightInsight, Inc., a provider of regulated digital health solutions, has announced an expanded multi-year partnership with Sanofi, a global biopharmaceutical company. This expanded partnership builds on a successful collaboration that began in 2022 when Sanofi selected the BrightInsight Platform to accelerate the development of a SaMD for one of its specialty care medicines. - The goal of the collaboration aims to accelerate Sanofi's drug development timeline and
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GeneDx Launches Tool to Fuel Rare Disease Drug Discovery

by Fred Pennic 11/20/2024 Leave a Comment

GeneDx Launches AI Tool to Fuel Rare Disease Drug Discovery

What You Should Know:  - GeneDx, a leader in genomic insights, has announced the launch of GeneDx Discover, a groundbreaking data visualization tool designed to revolutionize drug discovery and development.  - The platform provides biopharmaceutical companies with access to de-identified and aggregated genetic data, empowering them to accelerate the development of new therapies. Addressing the Challenges of Drug Development The traditional drug development process is
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NVIDIA BioNeMo Framework Accelerates AI Drug Discovery

by Fred Pennic 11/18/2024 Leave a Comment

NVIDIA BioNeMo Framework Accelerates AI Drug Discovery

What You Should Know:  - NVIDIA announced widespread adoption of its open-source BioNeMo™ Framework by pharmaceutical companies, techbio innovators, and AI researchers to accelerate drug discovery and molecule design.  - The framework provides a powerful suite of tools for scaling AI models in biomolecular research, bringing supercomputing capabilities to the forefront of drug development. Accelerating Drug Discovery with AI The BioNeMo Framework addresses the growing need
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NVentures Invests in Genesis Therapeutics’ AI Platform for Drug Development

by Syed Hamza Sohail 11/13/2024 Leave a Comment

NVentures Invests in Genesis Therapeutics' AI Platform for Drug Development

What You Should Know: - Genesis Therapeutics, a company pioneering artificial intelligence (AI) technologies to create breakthrough medicines for patients, announced today a further equity investment from NVentures, NVIDIA’s venture capital arm. - This investment is in addition to NVentures’ participation in the company’s $200 million Series B financing in August 2023. Genesis Therapeutics Partners with NVIDIA to Advance AI-Driven Drug Discovery Genesis Therapeutics, an AI-focused
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Accenture Invests in 1910 Genetics to Accelerate AI-Powered Drug Discovery

by Fred Pennic 10/31/2024 Leave a Comment

Accenture Invests in 1910 Genetics to Accelerate AI-Powered Drug Discovery

What You Should Know:  - Accenture has made a strategic investment, through Accenture Ventures, in 1910 Genetics, a biotechnology company revolutionizing drug discovery with its AI-powered platform. Terms of the investment were not disclosed. - The strategic collaboration will combine Accenture's expertise in scaling AI solutions with 1910 Genetics' innovative technology to help biopharmaceutical companies accelerate drug development, reduce costs, and deliver more effective therapies
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Gilead Sciences and Genesis Therapeutics Partner on AI-Driven Drug Discovery

by Fred Pennic 09/11/2024 Leave a Comment

Gilead Sciences and Genesis Therapeutics Partner on AI-Driven Drug Discovery

What You Should Know:  - Gilead Sciences, a global biopharmaceutical company, and Genesis Therapeutics, an AI-focused biotechnology firm, have announced a strategic collaboration to discover and develop innovative small molecule therapies.  - The startegic partnership leverages Genesis' cutting-edge AI platform, GEMS, to accelerate drug discovery and development. A Powerful Collaboration Genesis Therapeutics' GEMS platform utilizes advanced AI techniques to generate and
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