#AI News: Numerate and Takeda (TSE: 4502) Enter Agreement to Generate Novel Clinical Candidates Using AI-Driven Drug Discovery
SAN BRUNO, Calif. - June 12, 2017 (Investorideas.com Newswire) Numerate, Inc., a computational drug design company applying artificial intelligence (AI) at cloud scale to transform small molecule drug discovery, announced the formation of a multi-year agreement with Takeda Pharmaceutical Company Limited (TSE: 4502) under which Numerate will identify and deliver multiple clinical candidates.
Under the agreement, Numerate will drive discovery programs aimed at identifying clinical candidates for use in Takeda's core therapeutic areas: oncology, gastroenterology, and central nervous system disorders. The projects will rely on Numerate leveraging its AI-driven platform, from hit finding and expansion through lead design/optimization and ADME (absorption, distribution, metabolism and excretion)/toxicity modeling.
"This is an ideal arrangement for Numerate because our team will be working largely independently while having the opportunity to leverage Takeda's global experience, therapeutic area insights, and unique R&D capabilities," said Guido Lanza, President and CEO of Numerate. "We expect to produce multiple clinical candidates, while also continuing to refine, validate and expand our proprietary AI-driven platform as we work across a broad range of target types and drug design challenges."
Financial terms of the current agreement were not disclosed, but include a combination of milestone payments and royalties that reflect the value of the clinical candidates being delivered.
"We are excited to partner with Numerate. Numerate has established an impressive track record of leveraging their AI platform to overcome drug design challenges, both for its own pipeline and in pharma/biotech collaborations," said David Weitz, Head of Takeda California and Global Research Externalization. "By having Numerate select projects that align with Takeda's strategy we expect the partnership to yield multiple assets that Takeda can develop into truly transformative medicines for patients."
Numerate is a privately-held computational drug design company that is transforming the discovery of new medicines that fill significant therapeutic gaps by harnessing the vast computational power of the cloud and the ever-increasing amounts of drug discovery data by applying proprietary artificial intelligence algorithms. Numerate's drug design platform combines advances in computer science and statistics with traditional medicinal chemistry approaches to overcome major challenges in small molecule drug discovery and significantly accelerate candidate selection and optimization. Using this platform, coupled with innovative funding and partnership models, Numerate is developing a therapeutic pipeline focused on producing first-in-class candidates against emerging targets addressing major unmet medical needs in cardiovascular, metabolic and neurodegenerative disease. For more information, visit www.numerate.com.
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