AstraZeneca bets $247m on AI company developing cancer drug

AstraZeneca invests $247 million in Absci to develop an AI-generated antibody for unspecified cancer treatment. Absci’s AI platform aims to accelerate discovery by simulating protein interactions and validation in wet-labs, potentially revolutionizing oncology drug development with a promised rapid advancement cycle.

 AstraZeneca bets $247m on AI company developing cancer drug

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AstraZeneca’s Investment in AI for Cancer Drug Development

AstraZeneca has invested a significant sum of $247 million into an AI-driven company called Absci. This investment is aimed at creating an innovative antibody for cancer treatment.

How Absci’s AI Platform Works

Absci’s cutting-edge AI drug discovery platform is designed to identify new potential drugs. It then puts these drugs through rigorous testing in its advanced laboratories, known as wet-labs.

The Goal of the Collaboration

The goal with AstraZeneca’s backing is to develop an antibody that targets cancer cells. The specific cancer type targeted by this project is still under wraps.

The Challenge in Antibody Discovery

Creating new antibodies is challenging due to the vast number of possible protein combinations. Traditional discovery methods are slow and resource-heavy, involving a lot of trial and error.

The AI Advantage

Absci’s Integrated Drug Creation platform leverages machine learning to analyze billions of protein interactions. This AI-driven method is much faster and precise than traditional approaches, reducing the discovery process to approximately six weeks.

Why This Matters

AstraZeneca’s financial commitment is a strong indicator of their belief in the potential of AI to revolutionize cancer treatment. This partnership could significantly benefit patients and the pharmaceutical industry.

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