Mitsuo Satoh, Ph.D., executive officer, vice president, head, R&D Division of Kyowa Hakko Kirin said, “As we seek to fulfill our business vision to bring innovative treatments to patients faster, we very much expect that InveniAI’s platform, will not only enable us to identify alternate therapeutic value for our portfolio at an unprecedented speed, but also capitalize on our existing investment by reducing the time to market, clinical cost of development and enhancing the probability of clinical success.”
Krishnan Nandabalan, Ph.D., chief executive officer and president of InveniAI said, “We are extremely pleased to initiate this collaboration to build on Kyowa Hakko Kirin’s clinically rich pipeline. AlphaMeld has industrialized the process of drug re-innovation by enabling the identification of complex associations between drugs/mechanisms and disease indications. The platform is patient-validated where multiple drug concepts have progressed through to human proof of clinical development.”
Under the terms of the collaboration, InveniAI will receive an upfront payment as well as development milestones and commercialization payments. Financial details are not disclosed.