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Scientist.com and Denovicon Therapeutics Accelerate Medical Research with Complementary AI-Powered Platforms - Odessa American: Business

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Scientist.com and Denovicon Therapeutics Accelerate Medical Research with Complementary AI-Powered Platforms

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Posted: Tuesday, January 14, 2020 6:55 am | Updated: 7:16 am, Tue Jan 14, 2020.

SAN DIEGO--(BUSINESS WIRE)--Jan 14, 2020--

Scientist.com, the pharmaceutical industry’s leading AI-powered marketplace, announced today that it has partnered with Denovicon Therapeutics, an AI-powered computational chemistry company, to speed up medical research. Denovicon is the first in a wave of AI-powered biotech companies to make its services available to the tens of thousands of researchers using Scientist.com.

“Artificial intelligence and machine learning will play a significant role in the future of pharmaceutical R&D,” stated Kevin Lustig, PhD, Scientist.com’s CEO and Founder. “Making AI/Machine learning a key part of our marketplace functionality and partnering with innovative startups like Denovicon will help us achieve our mission of curing all human diseases by 2050.”

Less than a year old, Denovicon Therapeutics uses a proprietary computational platform and AI-powered molecular modeling algorithm to identify hits from a virtual library of billions of compounds and then transform them into clinical candidates. The hit rates are orders of a magnitude higher than traditional high-throughput screens (HTS) and the overall process is quicker with lower costs. Typical pharmaceutical drug discovery projects spend 6 years in preclinical development; Denovicon believes it can reduce that timeline to 2-3 years.

“Our goal is to accelerate and improve the discovery of small-molecule therapeutics using our proven computational platform, state-of-the-art hardware infrastructure and proprietary AI-molecular modeling algorithm,” said Scott Bembenek, PhD, Denovicon Therapeutics’ CEO and Founder. “We’re excited to partner with an established marketplace like Scientist.com whose mission is to accelerate the entire pharmaceutical research process.”

About Scientist.com

Scientist.com is the pharmaceutical industry’s leading AI-powered marketplace for outsourced R&D. The marketplace simplifies R&D sourcing, saving time and money, reducing risk and providing access to the latest innovative tools and technologies. Scientist.com operates private enterprise marketplaces for most of the world’s major pharmaceutical companies, the Biotechnology Innovation Organization (BIO) and the US National Institutes of Health (NIH). Since its founding in 2007, Scientist.com has raised $39 million from 5AM Ventures, Leerink Transformation Partners and Heritage Provider Network among others. Visit scientist.com to learn more.

Join Scientist.com on social media: LinkedIn, Twitter, YouTube, Facebook and Instagram.

About Denovicon Therapeutics

Denovicon Therapeutics (founded in April 2019) plans to transform the small-molecule drug discovery process (regardless of therapeutic area) using its proven computational platform powered by a cutting edge AI–molecular modeling algorithm. Learn more about Denovicon Therapeutics at denovicontx.com and on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200114005168/en/

CONTACT: Media Contact:

Sean Preci

Director of Communications

+1 858 455-1300 ext. 401

marketing@scientist.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: HEALTH TECHNOLOGY OTHER TECHNOLOGY OTHER HEALTH RESEARCH SCIENCE PHARMACEUTICAL

SOURCE: Scientist.com

Copyright Business Wire 2020.

PUB: 01/14/2020 07:55 AM/DISC: 01/14/2020 07:55 AM

http://www.businesswire.com/news/home/20200114005168/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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