{"id":135482,"date":"2023-12-21T08:38:55","date_gmt":"2023-12-21T08:38:55","guid":{"rendered":"https:\/\/allmybiznews.com\/?p=135482"},"modified":"2023-12-21T08:38:55","modified_gmt":"2023-12-21T08:38:55","slug":"ai-makes-mark-in-drug-discovery-in-india-start-up-peptris-raises-1-mn","status":"publish","type":"post","link":"https:\/\/allmybiznews.com\/business\/ai-makes-mark-in-drug-discovery-in-india-start-up-peptris-raises-1-mn\/","title":{"rendered":"AI makes mark in drug discovery in India; start-up Peptris raises $1 mn"},"content":{"rendered":"

Peptris is revolutionizing drug discovery through the implementation of  its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process.<\/strong><\/p>\n

Shine Jacob\/Business Standard<\/em> reports.<\/strong><\/p>\n

<\/p>\n

The process of discovering and developing a new drug can take decades and costs hundreds of millions or even billions of dollars.<\/p>\n

However, technological advances like artificial intelligence can help speed up and transform the time-consuming and labor-intensive exercise.<\/p>\n

In India, Peptris Technologies, a Bangalore-based AI drug discovery company, has announced $1 million in pre-seed round investment led by Speciale Invest.<\/p>\n

The funding marks a key step in boosting the company’s efforts in advancing AI-driven solutions in the drug development\/discovery sector, with a special focus on developing novel therapies for undruggable targets, particularly in oncology, inflammation, and rare diseases.<\/p>\n

“Around $2.5 billion and ten years are spent generally on getting any drug to the market and its pre-clinical part is about five years.<\/p>\n

“With our technology, this pre-clinical phase will shrink to one-and-a-half years and its expense will come down from $700 million to $400,000.<\/p>\n

“Thus time, cost and the number of experiments will become advantageous for the industry,” said Narayanan Venkatasubramanian, chief executive officer and co-founder of Peptris.<\/p>\n

Peptris is revolutionising drug discovery through the implementation of its state-of-the-art AI platform.<\/p>\n

It is transforming the traditionally lengthy and costly drug discovery process, which makes essential medications financially out of reach for many.<\/p>\n

This technology efficiently narrows down extensive chemical libraries to pinpoint promising drug candidates, marking a significant advancement over traditional drug discovery methods.<\/p>\n

“The company intends to leverage and capitalise on the recent maturation of AI technology in developing its proprietary drug discovery platform.<\/p>\n

“The strides in unsupervised learning and the availability of vast chemical libraries have opened new avenues in the sector, offering substantial market opportunities,” the company said in a statement.<\/p>\n

Peptris is capitalising on this opportunity by developing a proprietary AI platform that reduces preclinical development timelines and costs multifold.<\/p>\n

“We are thrilled to announce that we have secured investment from Speciale Invest.<\/p>\n

“We are particularly impressed by their breadth of investment in the deep tech sector, which reflects a profound understanding and commitment to driving technological advancements.<\/p>\n

“This partnership marks a significant milestone in our journey.<\/p>\n

“The current funding will help us accelerate our AI-powered discovery programmes and create a robust pipeline of potential drug candidates,” said Venkatasubramanian.<\/p>\n

“The backing from Speciale Invest is set to catalyse Peptris’ journey, supporting the expansion of the drug pipeline and further refinement of the platform.<\/p>\n

“This funding isn’t just an investment in technology; it’s an investment in the future of healthcare in India, bringing hope of more accessible and affordable treatments to millions,” he added.<\/p>\n

Founded in 2019, Peptris is led by a founding team that combines deep pharmaceutical knowledge with advanced computational technology.<\/p>\n

It is broadening its research scope to include rare diseases, in addition to its ongoing work in oncology and inflammation.<\/p>\n

This strategic expansion aligns with the company’s mission to leverage AI for the rapid and efficient discovery of novel therapeutic options.<\/p>\n

The integration of AI in drug discovery, particularly in the context of rare diseases, addresses over 7,000 known conditions lacking approved treatments.<\/p>\n

By focusing on rare diseases, the company not only bridges a critical gap in healthcare\/biotechnology but also makes a significant contribution to societal welfare, providing hope for patients and families affected by these conditions.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Peptris is revolutionizing drug discovery through the implementation of  its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process. Shine Jacob\/Business Standard reports. The process of discovering and developing a new drug can take decades and costs hundreds of millions or even billions of dollars. However, technological advances like artificial intelligence can help speed up […]<\/p>\n","protected":false},"author":3,"featured_media":135481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nAI makes mark in drug discovery in India; start-up Peptris raises $1 mn - All My Biz News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/allmybiznews.com\/business\/ai-makes-mark-in-drug-discovery-in-india-start-up-peptris-raises-1-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI makes mark in drug discovery in India; start-up Peptris raises $1 mn - All My Biz News\" \/>\n<meta property=\"og:description\" content=\"Peptris is revolutionizing drug discovery through the implementation of  its state-of-the-art AI platform. 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