AI Proteins Announces Research Collaboration and Option Agreement with Bristol Myers Squibb for Miniprotein-Based Therapeutics Valued up to $400M
AI Proteins Announces Research Collaboration and Option Agreement with Bristol Myers Squibb for Miniprotein-Based Therapeutics Valued up to $400M
12/03/24, 1:16 PM
Location
Money
$400 million
Industry
therapeutics
machine learning
artificial intelligence
biotechnology
Type
agreement
AI Proteins, Inc. has entered a Research Collaboration and Option Agreement with Bristol Myers Squibb to discover and develop novel miniprotein-based therapeutics. AI Proteins will leverage its proprietary AI-driven platform to design and optimize miniproteins against targets of interest to Bristol Myers Squibb.
Company Info
Location
boston, massachusetts, united states
Additional Info
AI Proteins is a biotech company on a mission to re-imagine protein therapeutics with a novel approach for designing entirely new proteins. Using AI-based design and a high-throughput drug discovery platform, AI Proteins creates de novo proteins optimized for a variety of therapeutic applications. Partnered with leading global biopharmaceutical companies, the company continues to pursue collaborations in inflammation, metabolic diseases, oncology, and other therapeutic areas, in addition to advancing its internal pipeline. The company’s technology enables the development of inexpensive, durable, highly specific proteins with differentiated and enhanced therapeutic properties and with the potential for multiple routes of delivery. Additionally, the AI Proteins platform can dramatically accelerate the development of lead therapeutic candidates ready for IND-enabling studies.