BenevolentAI signs exclusive license for series of novel clinical stage drug candidates with Janssen Pharmaceutica.
M2 PHARMA-November 10, 2016-BenevolentAI signs exclusive license for series of novel clinical stage drug candidates with Janssen Pharmaceutica
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BenevolentAI, a United Kingdom-based artificial intelligence (AI) company, has signed an exclusive license for a series of novel clinical stage drug candidates with Janssen Pharmaceutica, one of the Janssen Pharmaceutical Companies of Johnson & Johnson, it was reported yesterday.
The contract was facilitated by the Johnson & Johnson Innovation Centre in London.
BenevolentAI has acquired a license to a select number of novel clinical stage drug candidates and their extensive related range of patents. The company's scientists leveraged the AI technology to assess the potential of these small molecule compounds. The results suggest that there is the strong promise for the development of new medicines for hard to treat diseases. According to the terms of the license agreement, BenevolentAI will have the sole right to develop, manufacture and commercialise these novel drug candidates in all indications and in all territories. This contract will allow BenevolentAI to accelerate its development pipeline and use its unique artificial intelligence technology to explore and offer a rich source of clinical data. BenevolentAI plans to start late stage Phase IIb clinical trials in mid- 2017. Financial terms were not revealed.
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|Date:||Nov 10, 2016|
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