Artificial Intelligence: Clinical Stage Pharmatech Startup Exscientia Acquires AI-Powered Allcyte

https://dailyalts.com/wp-content/uploads/2021/06/microbiology-163470_640.jpg

Allcyte’s Pharmascopy platform interrogates drug action in primary human tissues with automated high content microscopy and AI-powered single-cell image analysis.

Exscientia, which uses AI to design and create drug candidate molecules satisfying complex therapeutic requirements with revolutionary efficiency, has acquired Allcyte, the Austrian company that uses AI for cancer screening. Exscientia will pay 50 million euros ($60.6 million) in a combination of cash and shares for the acquisition. (Fortune)

Last month Exscientia announced that its joint research with Sumitomo Dainippon Pharma Co., Ltd. (TYO: 4506) had resulted in the creation of the molecule DSP-0038, a dual-targeted 5-HT1A agonist and 5-HT2A antagonist to be assessed for treatment of Alzheimer’s disease psychosis.

Sumitomo will now initiate a Phase 1 clinical study of DSP-0038 in the United States.

The rationale for acquiring Allcyte

Allcyte’s Pharmascopy is the first-ever functional precision oncology platform that has demonstrated the ability to prioritize highly effective drugs in a prospective clinical study.

Pharmascopy scans the efficacy of a wide range of drugs on live tumor samples taken from a patient. It does this using high-speed, robotic laboratory equipment and then applies computer vision to analyze how the patient’s cells are responding to each drug.

The procedure results in identifying the potentially most effective drug treatment for the patient’s cancer affliction. Allcyte is therefore said to be a pioneer in personalized medicine AI.

Exscientia and Allcyte previously collaborated on a study to assess the performance of an anti-cancer immunotherapy drug Exscentia is developing in collaboration with German pharmaceutical company Evotec.

Vision of patient-first AI

“Allcyte is able to demonstrate what therapy actually works in the individual patient with the most disease-relevant screening platform we have seen.”, said Andrew Hopkins, Exscientia’s CEO.  “Combining Allcyte’s platform with Exscientia’s technologies can redefine how drugs are developed, enabling integrated discovery and patient selection. Allcyte has assembled an outstanding team in Vienna and the integration of the two platforms truly allows us to build our vision of patient-first AI.”

Related Story: A Molecule For Alzheimer’s Created By Exscientia’s AI Enters Clinical Trials

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/07/home-page-section-app.jpg
FinTech: UK-Based BNPL Player Zilch Closes Series B With Additional $110M
July 23, 2021     FinTech, News

The $110 million comprised both debt and equity capital. Zilch, the UK-based BNPL platform has raised an additional $110 million from Goldman Sachs and DMG Ventures. The funding is part…

https://dailyalts.com/wp-content/uploads/2021/07/dollar-2387088_640.jpg
Alternative Investments/Hedge Funds: Inflation Fears Boost Hedge Funds’ AUM To Nearly $4T
July 23, 2021     Alternative Investments, Hedge Funds, News

A market survey by alternatives technology provider Vidrio Financial shows that fears of inflation have helped move substantial fund allocations during the first half of 2021 to alternative assets such…

https://dailyalts.com/wp-content/uploads/2021/07/bitcoin-6251865_640.jpg
Alternative Investments/Digital: Global X Throws Its Hat In The Bitcoin ETF Ring

Global X, the New York-based ETF provider and subsidiary of $560 billion investment manager Mirae Asset, has filed with the SEC for permission to launch a bitcoin ETF titled the…

https://dailyalts.com/wp-content/uploads/2021/07/bitcoin-4011305_640.jpg
Digital Assets: Crypto Adoption Stories From JPMorgan, Gallup Poll, Bitcoin Depot, And UBS
July 23, 2021     Digital Assets, News

Four news bites that show cryptos are hanging on, recent crashes notwithstanding. From bitcoin ATMs to crypto FOMO, here goes….