On June 28, 2022 VeriSIM Life (VeriSIM) www.verisimlife.com, a leading artificial intelligence (AI)-enabled company providing services to de-risk R&D decision making for breakthrough drug development, reported that it has entered into a collaboration with Mayo Clinic to improve the preclinical translation of promising drug candidates (Press release, Mayo Clinic, JUN 28, 2022, View Source [SID1234616337]).
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Under the terms of the collaboration agreement, VeriSIM will leverage its proprietary BIOiSIM platform and Translational Index approach to reduce the number of outsourced preclinical experiments and help de-risk R&D decisions early-on to ensure expedited development of novel, safe and highly efficacious drugs.
VeriSIM will engage Mayo Clinic physician researchers in key disease areas including oncology, hematology, bone/joint-disorders, and neurological diseases.
"This collaboration will explore the full potential of our combined approach to developing best-in-class drug candidates to serve patients’ unmet needs," said Dr. Jo Varshney, founder and CEO of VeriSIM Life. "We are excited to expand our common mission and work with the world’s top research hospital and its drug discovery programs."
Dr. Jo Varshney, DVM and PhD, founded VeriSIM Life in 2017 alongside a cross-functional team of pharmaceutical scientists, software engineers and AI/ML and simulation experts. VeriSIM offers unprecedented value for the drug development industry by reducing the number of drug compounds likely to treat or cure specific illnesses and diseases.
Mayo Clinic participated in VeriSIM’s Series A financing and has financial interest in the technology referenced in this press release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.