Pharma giant Merck inks deal with Israel’s Quris for clinical safety prediction
The Israeli company which develops predictive technology based on artificial intelligence has signed an agreement worth tens of millions of dollars to test drugs by the pharma giant
“The pharmaceutical industry is modernizing drug discovery, and innovations in AI hold significant promise,” noted Quris Scientific Advisory Board Member Dr. Robert S. Langer, co-founder of Moderna and lauded MIT professor. “As Quris expands its collaborations with pharmaceutical companies, this will hopefully lead to new ways to find novel drugs that safely meet patients’ needs in the years ahead.”
As part of the collaboration between the two companies, Merck will gain access to Quris’ prediction platform for the initial identification of components that pose a risk of liver poisoning in the drugs under development. If drug development is successful, Quris will enjoy significant capital rewards.“The drug development process must be improved; drugs that are successful in mice, often still fail clinical trials in humans,” said Quris CEO Isaac Bentwich.
“In recent years, leaders around the globe have increasingly recognized that experiments in mice do not faithfully mimic what will work in people. With this and the goal to reduce and replace animal testing, there is now a great need for development of a new AI-based approach,” said Nobel Laureate Aaron Ciechanover, MD, DSc, Chairman of Quris’s Scientific Advisory Board. “Collaborations with pharmaceutical companies like Merck KGaA, Darmstadt, Germany, will help assess Quris’s BioAI platform for clinical prediction, which uniquely integrates AI along with miniaturized ‘patients'-on-a-chip. If successful, this could lead to a much-needed transformation in drug development speed, safety and cost.”
Quris recently announced a $28 million seed fundraising round led by Welltech Ventures, iAngels and GlenRock Capital, along with prominent investors such as Dr. Kobi Richter, Rami Ungar, Matthew Bronfman and more. Prof. Aaron Ciechanover, Nobel Laureate, and Prof. Robert Langer, co-founder of Moderna, have been advising the company since its inception.