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BEIJING, CHINA <\/span>– \u201cThe application of artificial intelligence and machine learning for drug discovery has incredible potential to transform the way new therapies are developed,\u201d <\/span>said Min Fang, Managing Director, Head of China Healthcare at Warburg Pincus.<\/span><\/b> \u201cFor Insilico, 2022 was a year of incredible growth and progress. They have demonstrated the value of combining deep scientific expertise with cutting-edge technology capabilities to significantly accelerate drug discovery. We\u2019re delighted to continue to partner with the Insilico team and support a company that is at the forefront of this innovation.\u201d BEIJING, CHINA – Media OutReach – 6 June 2022 – Insilico Medicine, a clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company, announced today that it has completed a $60 million Series D financing from a syndicate of global investors with expertise in investing in the biopharmaceutical and life sciences sectors. The financing comprised a mix …<\/p>\n","protected":false},"author":1,"featured_media":22578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/22577"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=22577"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/22577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/22578"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=22577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=22577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=22577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMedia OutReach<\/b><\/a> –
\n6 June 2022 – Insilico Medicine, a clinical-stage end-to-end artificial intelligence (AI)-driven drug discovery company, announced today that it has completed a $60 million Series D financing from a syndicate of global investors with expertise in investing in the biopharmaceutical and life sciences sectors.
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\nThe financing comprised a mix of new investors, including a large, diversified asset management firm on the US West Coast and BHR Partners, along with current investors, including Warburg Pincus, B Capital Group, Qiming Venture Partners, BOLD Capital Partners and Pavilion Capital. Insilico\u2019s founder and CEO, Alex Zhavoronkov, PhD, also invested in the Series D round.
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\nCapital raised in the round will further bolster Insilico\u2019s financial position and fuel the growth of its advancing pipeline, including its lead program <\/span>which is currently<\/span> in a Phase I study, and continued development of its Pharma.AI platform. The proceeds will also fund ongoing global expansion and planned strategic initiatives, including a fully automated, AI-driven robotic drug discovery laboratory, and fully robotic biological data factory to complement Insilico\u2019s vast curated data assets.
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\n\u201cDespite unprecedented market conditions in the biotechnology sector, we raised this Series D round from several of the most reputable US-based and global investors,\u201d <\/span>said Alex Zhavoronkov, PhD, Founder and CEO of Insilico Medicine. <\/span><\/b>\u201cIt is a testament to the strength of our end-to-end AI platform, which has been validated by many partners, and produced our first novel antifibrotic program discovered using AI and aging research, and designed using our generative AI chemistry engine. This unique program completed a first-in-human Phase 0 study in healthy volunteers and has entered Phase I clinical trials. We have also nominated seven preclinical candidates across a number of other disease indications since 2021. I am very excited about this progress and have decided to personally invest in this round.\u201d<\/span><\/p>\n
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Since the previous round of financing, Insilico has developed a growing portfolio in frontier areas empowered by its proprietary AI platform. Seven programs in its internal pipeline have progressed to the IND-enabling stage, including <\/span>a novel 3CL protease inhibitor for COVID-19 treatment<\/a><\/span>, and two synthetic lethality programs targeting <\/span>MAT2A<\/a><\/span> and <\/span>USP1<\/a><\/span> for oncology. It also successfully completed a Phase 0 microdose study and <\/span>entered a Phase I clinical trial<\/a><\/span> with its first internally developed program targeting fibrosis.
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\u201cWith the power of cutting-edge AI platforms developed fully in house and validated by many global pharmaceutical companies and our innovative, highly parallel, fully distributed drug discovery model, we nominated seven preclinical candidates since I joined the company in 2021,\u201d <\/span>said Feng Ren, PhD, Insilico\u2019s Chief Scientific Officer and Head of Global Research and Development<\/span><\/b>. \u201cI have 15 years of experience working in large pharmaceutical companies and CROs and I am impressed by the speed and quality of our discovery programs. We plan to continue expanding the breadth of the pipeline and enhance our AI and robotics capabilities globally. Our rapidly growing team is composed of talented and experienced scientists in drug discovery with diverse backgrounds and relentless passion for novelty and innovation, and fully committed to developing novel drugs with a sense of urgency for the waiting patients.\u201d
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Insilico has also expanded its collaborations with the pharmaceutical industry through co-development and software licensing deals with a number of major pharmaceutical companies. Since the launch of its PandaOmics\u2122 and Chemistry42\u2122 in late 2020, nine out of the top 20 pharmaceutical companies have licensed Insilico\u2019s AI platforms. In 2022, Insilico signed a multi-asset partnership deal with Fosun Pharma and EQRX in January, and a drug discovery co-development deal with EQRx in March. Notably, Insilico achieved its first major milestone and <\/span>nominated a preclinical candidate for the QPCTL program for cancer immunotherapy<\/a><\/span> in less than 40 days into the strategic collaboration with Fosun Pharma.
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