Pfizer and Insilico Medicine team up to identify drug targets - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Pfizer can turn to Insilico's technology to speed up drug discovery — and possibly slim down drug development costs in the process:

And for its part, Insilico could benefit from greater visibility and access to more resources. The collaboration with Pfizer follows a busy two years for Insilico — during which the company secured deals with Elevian, TARA Biosystems, and WuXi AppTec, and raised $37 million in financing, hauling its total funding to date past $51 million, Crunchbase.

We think this tie-up could signal a huge opportunity for startups working in AI-powered drug discovery — and with the Pfizer name attached, there's an added air of legitimacy. The impact of the deal between Insilico and Pfizer could lead other AI biotech startups to throw their hats in the ring and more aggressively pursue tie-ups with major pharma players.

Additionally, the fact that a big-name pharma firm is sinking cash into the startup adds an increased sense of legitimacy to AI startups operating in the drug discovery realm — and we wouldn't be surprised to see However, we think it's possible we could see pharma companies pursue a strategy of scooping up these startups to move AI capabilities in-house, as we know that pharma companies aren't strangers when it comes to mergers and acquisition activity: Pharma and biotech firms...

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

We don't need pfizer

But will they? If they do, will other's follow..?

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The 5 building blocks of engaged, high-performing teams - Business InsiderScandinavia native Annicken R. Day is inspired by the 'utopian' work cultures of her hometown and believes US workplaces can reap the same benefits.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Trump complains about impeachment in rant to LSU team - Business InsiderTrump told the LSU football team that though there have been bad presidents they've got a 'good' one at the moment, adding, 'even though they are trying to impeach the son of a b----.'”
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Sports-betting insiders on Barstool Sports potential acquisition deal - Business InsiderBarstool is reportedly close to selling to casino company Penn National. A deal could spur more tie-ups between media and sports-betting firms. SAI Lol. Spark already happen. A lot of sites jumping on sports gambling. Come on insider
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

UK government fails to answer urgent Brexit questions from businesses - Business InsiderExclusive: The UK logistics industry submitted 31 urgent questions to the government last month and received no answers.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Detroit high school teacher buys and renovates an abandoned home - Business InsiderA high school teacher bought a 'trashed' home in Detroit for $2,600 and got it into livable condition in less than 2 years. Here's how she did it.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Amazon contractor Pinnacle Logistics to lay off 1,600 workers - Business InsiderTexas-based Pinnacle Logistics plans to lay off 1,609 workers based at Baltimore-Washington International airport, Business Insider has learned.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »