Hansoh Pharma and Atomwise start strategic colβγλlaboration on AI drug discovery for multiple♣σ therapeutic areas
Major Chinese biopharmaceutical ¥↔♦∏company Hansoh Pharmaceutical Group Comp∏↑♠✔any Limited (Hanmori ≥£↓ Pharmaceutical Group Co., Lt§✔₽d., Hanso Pharmaceutical) and AI ) Atomw§≠ise, Inc., a leader in the fielλ★£d, announced the collaboration. The purpose of tδ♦♣∏he collaboration is to design and>←★• discover potential d≠✔rug candidates for a total of 11 pr÷≈ivate target proteins in multiple ther♦∞±apeutic areas.Atomwise and Hansoh PharmΩ©$a scientific teams work closelβ∑★§y together in each prog∑λram. The combination of c₩∞♣omplementary expertise and '↔←technology has the potential to dramatically €₽increase success rates and shorten schedul✔ ∞es in drug discovery and clin←∏ical development.Dr. Aifeng Lyu, Presiden®×t of Jiangsu Hansoh Pharmaceutical€ε Group Co., Ltd., a subsidiar↔$♥♥y of Hansoh Pharma, said: “Atomwi <≠se is the best partner fo÷'×r Hansoh Pharma to use AI tec€☆↓hnology to innovate and cre∏"↔$ate diverse small molecule pipelines in oncol§♥€φogy and other therapeutic areas. I ↓®εam very impressed with the team and I ←£believe that working together will p©¶rovide a special opportunity to develop↓ε first-in-class and be↓±★βst-in-class therapeutics. "Dr. Abraham Heifets,™γ CEO of Atomwise, said: “It is ≈Ω↓♠a great pleasure for us to partner "γσ with Chinese biopharmaceutic♦ al giant Hansoh Pharma. ₽¶ ↔Hansoh Pharma shares our strong co♦mmitment to innovation and our mission to inflγ₹uence patient health globally.”Atomwise's wor€Ωld-class AI platform for structure-based drug des>∑±ign leads the way in finding Ω♠←>hit compounds, selecting le£×↕ad compounds from hit compounds, and ✘♥∞γoptimizing lead compounds. Hans←↔oh Pharma will contrib"σ ute in its capacity in biologica÷€←l assays and medicinal ch≥©≠emistry, and will lead the su✘•♦×bsequent preclinical and clinical "σ✘₽development.Subject to the ter ♦ms of the collaboration, Atomwise will recε €πeive revenue based on p←ε'rivate technology fee≈♥₽λs, option exercise fees, royalties&≈, and sublicenses and s ∑↑ales of assets creat€&™¶ed under the collabora×←εtion. Based on historical average sales of sm≤←all molecule drugs, the overall pot £×ential value of this transaction for Atomwiseφ÷↑ may exceed the potential value of a hit drug ≈if all projects succeed. Hansoh Pharma≥↔α receives development and commercialization "←rights in all fields and regions.2019 A♣ "₹sia-pacific pharma IP Leader Summit: ht¥β₽♦tp://en.zenseegroup.com/p/510934/wilΩ™λl be held in Beijing &nΩ₹bsp;on November 14-15,Ω® and will attract more than 500 industry exp erts from domestic and foreign ph÷÷♣∏armaceutical companies, biotechno→≠÷logy companies, governments, associations, l≤¥σ≤aw firms, intellectua↕∞☆¥l property agents and other companies to attend.O ₹fficial registration and consultation channe™ ls:Contact:AnnPhone: 021γ★&-65650305Email:Marketing@zenseegroup.comhttp://e←π₩n.zenseegroup.com/p/510934/