OXFORD and TORONTO, May 17th, 2021 - PrecisionLife Ltd. (“PrecisionLife”), the leading combinatorial analytics company driving understanding of disease biology and patient stratification, and Cyclica Inc. (“Cyclica”), the partner of choice for data-driven drug discovery, announce that they have entered into a strategic partnership to co-market and offer their complementary computational platforms as an integrated drug discovery factory. The companies will initially collaborate on up to 30 pharma and biotechnology drug discovery programs over the next two years.
Together, the two companies have the capacity to advance a large number of innovative AI enhanced drug discovery programs and build an industry pipeline of partnered R&D opportunities. The agreement is pump-primed by 17 chronic diseases studies that PrecisionLife completed last year, which revealed detailed patient stratifications and multiple novel druggable targets per disease, and Cyclica’s existing strategic relationships with multiple academic, biotech and pharma partners, which has resulted in a portfolio of several joint ventures across multiple therapeutic areas. The companies each have multiple on-going commercial partnering discussions with biotech and pharma companies.
PrecisionLife’s platform is proven to generate more insights from patient datasets, identifying multiple disease mechanisms, with novel druggable targets, patient stratification biomarkers and chemical starting points, especially around unmet medical needs in chronic diseases. Cyclica’s platform uses a proteome-wide lens to evaluate multiple novel and rare on- and off-target interactions simultaneously. Cyclica’s multi objective drug design approach and lead optimization cycles are some of the most efficient in the industry, enabling new molecules to be designed, synthesized and tested in a few weeks.
“Finding the right target and understanding which patients will benefit is the critical challenge in modern drug discovery.” said Naheed Kurji, President and CEO of Cyclica. “Cyclica is building one of the largest and most diversified portfolios of drug discovery programs across therapeutically rich and diverse areas. PrecisionLife’s detailed, innovative insights into the biology of complex diseases and which targets are relevant to which patient subgroups deliver a major advantage as we build the biotech pipeline of the future.”
“Cyclica’s high quality platform, team and business model is a key building block for our strategy to find novel therapeutic approaches for unmet medical needs.” said Steve Gardner, CEO of PrecisionLife. “Together we are building a new pipeline based on world leading AI-driven biology and chemistry that will deliver new medicines to patients faster and more precisely across a wide variety of therapeutic areas.”
Media enquiries (on behalf of PrecisionLife)
Sue Charles, email@example.com M: +44 (0)7968 726585
Steve Gardner, CEO firstname.lastname@example.org T: +44 (0)1865 575170
For Cyclica related inquiries:
Jennifer Sacco - email@example.com Director of Marketing and Communications, Cyclica