Charles River Laboratories and Atomwise leverage AI towards drug innovations
Charles River, a major facilitator of drug development and research innovations for the pharmaceutical and biotechnology industries, has formed a “strategic alliance” with Atomwise, the inventor of the first deep learning artificial intelligence (AI) used in “small molecule drug discovery”. The partnership will combine both companies’ industry-leading drug discovery platforms to “significantly streamline the hit discovery, hit-to-lead, and lead optimisation process for clients’ research efforts.”
Charles River Laboratories’ share price has increased by 7% year to date
Source: Yahoo Finance
With both companies working together to make new drug discoveries easier and quicker than was previously possible, it should be a case of “everybody wins” – the clients, who get a better service and more comprehensive set of products, as well as both companies, which are set to optimise their performance in tandem. According to the press release: “Charles River’s clients can expect increased efficiency and diversity in the drug discovery process, ultimately reducing the expected timeline for an integrated drug discovery project and expanding the chemical space examined.”
Charles River’s chairman, president and CEO, James Foster, said: “As Charles River continues to expand its early drug discovery portfolio, innovative solutions, including Atomwise’s AI technology, enable us to provide clients with a comprehensive, integrated platform for their early-stage drug research. By cutting time out of each stage of the drug discovery process, we enable our clients to deliver novel therapeutics to patients more efficiently and effectively.”
The company’s corporate executive vice president of discovery and safety assessment, Birgit Girshick, added: “We are proud to put this cutting-edge technology in the hands of our scientists and clients. The potential for both time savings and program optimization represents an attractive value proposition for our clients.”
Dominion holds Charles River Laboratories in its Global Trends Managed Fund.
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