Hansoh Pharma and Atomwise start strategic colλ↕♠♥laboration on AI drug discovery for multiple ther←♠©→apeutic areas
Major Chinese biopharmaceutical companΩφδδy Hansoh Pharmaceutical Group Compa∞φδφny Limited (Hanmori ∏★∑Pharmaceutical Group Co.,≠γ® Ltd., Hanso Pharmaceutical)®£↔∞ and AI ) Atomwise, Inc., a leader in the βε£field, announced the collabor∑&♥ation. The purpose of the collab≠♠¥σoration is to design☆÷₹♥ and discover potentδ™±≈ial drug candidates for a total of 11β₹ private target protei ™♥ns in multiple therapeutic areas.A"<✘←tomwise and Hansoh Pharma scientific teams &λεwork closely together in each pro× ¶gram. The combination of complementary expe♣&rtise and technology has th♠♥♥ e potential to drama≈β§↕tically increase succ ₽£ess rates and shorten ♦ ™schedules in drug discovery and clinica™×♠l development.Dr. Aifeng Lyu, President of Jia×Ω•♥ngsu Hansoh Pharmaceutical™"☆£ Group Co., Ltd., a subsidiary of Hansoh P≤"→εharma, said: “Atomwise is the best partner λπ↕ for Hansoh Pharma to use AI technology to innoε™ vate and create diverse small molecule pipeliλ'Ω↔nes in oncology and other th≤'erapeutic areas. I am ve¶ry impressed with the≠→ team and I believe that working toge£≤ther will provide a special opportun©<ε♣ity to develop first-in-cl®∞ass and best-in-class therapeutics. "Dr. Abrah ∑am Heifets, CEO of Atomwise, said: “It iφλ€s a great pleasure for us to partner wiλ≈≈≤th Chinese biopharmaceutical giant Hansoh Pha≤↓™rma. Hansoh Pharma shares our stro £ng commitment to innovation and our missio≤¥n to influence patient health globally.”Atomwi✘₩se's world-class AI pl≠∞∏εatform for structure-based drug design lead©Ωπ☆s the way in finding hit compounds, se ©≈lecting lead compounds from hit compounds, and ★εγoptimizing lead comp$§ounds. Hansoh Pharma will♦♥ contribute in its capacity in biological a★®±∑ssays and medicinal chemistry,αγ and will lead the subsequent preclinical and₹¥× clinical development.Subject to §the terms of the collaborat♣±♥→ion, Atomwise will receive rev¶ ×←enue based on private technology fe™"'<es, option exercise fees, royaltie↔γs, and sublicenses and sales o✔>f assets created under the colla↔✘✔boration. Based on historical average sales of sm&γall molecule drugs, the o☆≠'verall potential value of this transact★ ion for Atomwise may ex∑ceed the potential value of a ↔"←hit drug if all projects succeed. Hγ∑♠ansoh Pharma receives development and commercialization ∑≈>rights in all fields and regions.2019 Asia-pacifλ©ic pharma IP Leader <≥Summit: http://en.zenseegroup.comγα✔'/p/510934/will be held in ×♥Beijing on Novemδ®ber 14-15, and will attract more than 500'£♠ industry experts from domestic and ∞σ≤€foreign pharmaceutica€↓>l companies, biotechnology companies♦δσ , governments, associations, ✘γ☆•law firms, intellectual property agenσ•ts and other companies ®αto attend.Official registration and consultation∏★ channels:Contact:AnnPhon¥δ€♠e: 021-65650305Email:Ma☆Ω rketing@zenseegroup.comhttp://en.zenseegro★δ♥up.com/p/510934/