AI-based Healx raises $10 million for drug discovery

The UK company is the latest to join ranks of AI-focused drugmakers attracting venture capital.

The researcher who invented Viagra and a colleague at Cambridge University have become the latest to join the ranks of drug developers using artificial intelligence and attracting attention from venture capitalists.

Cambridge, UK-based Healx said Thursday that it had raised $10 million in a Series A funding round, led by London-based venture capital firm Balderton Capital. Fellow British venture capital firm Amadeus Capital Partners and Jonathan Milner – founder of life sciences supplier Abcam – also participated. Cambridge Rare Diseases Network founder Tim Guilliams and David Brown – who invented Pfizer’s erectile dysfunction drug, which is now available as a generic – are the founders of Healx.

The company uses the HealNet database, which maps more than 1 billion disease, patient and drug interactions and was built and maintained using machine learning techniques. The company plans to use the Series A round to expand its team of software engineers, data scientists, pharmacologists and drug development researchers.

Read more at medcitynews.com

Image Credit:  Alias Studio Sydney

News This Week

NanoApps Medical Near-Term Projects

NanoApps Medical is investigating the possibility that superparamagnetic nanoparticles (SPIONs) and other classes of nanoparticles (e.g., gold coated nanoshells) might have the capacity to target cancerous tumors, metastasizing cancer cells, pathogens, etc. to deactivate/eliminate [...]

‘Please do not switch me off!’ People heed begging robot

If a little humanoid robot begged you to not shut it off, would you show compassion? In an experiment designed to investigate how people treat robots when they act like humans, many participants struggled [...]

How Artificial Intelligence is Changing Radiology, Pathology

Artificial intelligence and machine learning tools have the potential to analyze large datasets and extract meaningful insights to enhance patient outcomes, an ability that is proving helpful in radiology and pathology. Images obtained by [...]

Nanoparticle-Based Combination Therapy to Treat Breast, Prostate Cancer

Researchers at the University of East Anglia have developed a new nanoparticle-based cancer therapy to deliver a combination therapy directly to cancer cells. The new therapy, which has been demonstrated to make prostate cancer [...]

AI: ChronWell CEO On Why Consolidation in Healthcare Is A Good Thing

When Joe Rubinsztain started gMed, he was admittedly young—only a few years removed from medical school— and he just didn’t understand leadership that well. “I needed to be abreast of everything and understand everything [...]

Artificial Intelligence for Medical Imaging Market to Top $2B

Healthcare organizations are likely to see a rapidly growing market around artificial intelligence tools for medical imaging, a new report predicts. The market for artificial intelligence (AI) tools to process and analyze medical imaging [...]

Tuberculosis is a killer, but scientists are fighting back with nanobots

Tuberculosis, a bacterial disease which predominantly affects the lungs, isn’t all that common a sight in the United States. On average, fewer than 10,000 cases are reported each year in a country with [...]

Integrated sensor could monitor brain aneurysm treatment

Implantation of a stent-like flow diverter can offer one option for less invasive treatment of brain aneurysms – bulges in blood vessels – but the procedure requires frequent monitoring while the vessels heal. Now, [...]

Nanotechnology in Medicine: Breakthrough Advances in Cancer Detection and Treatment

Clinicians have often pondered if cancer cells could be selectively targeted, and how payloads ranging from fluorescent dyes to oncology drugs could be accurately delivered to these cells, and then safely cleared through the [...]

Scientists have 3D printed the most advanced artificial cornea ever using human cells

They’re not ready for human eyes yet, but one day these artificial corneas might help people see... Scientists have 3D printed the thin protective film over the eye, called the cornea, using human [...]

Artificial Intelligence in Cardiology

The continuous development of the technological sector has enabled the industry to merge with medicine in order to create new integrated, reliable, and efficient methods of providing quality health care. One of the [...]

AI-based Healx raises $10 million for drug discovery

The UK company is the latest to join ranks of AI-focused drugmakers attracting venture capital. The researcher who invented Viagra and a colleague at Cambridge University have become the latest to join the ranks [...]

Scientists have created a silicon beating heart

It looks like a real heart. And this is the goal of the first entirely soft artificial heart: to mimic its natural model as closely as possible. The silicone heart has been developed by [...]

When will nanotechnology ever revolutionise medicine? These breakthroughs suggest it’s already started

After decades of promise, recent breakthroughs suggest that nanomedicine is finally living up to its potential. And we need to make sure that hospitals are ready for the revolution. Since the emergence of nanotechnology [...]

Letting nanoparticles hitchhike on red blood cells

When nanoparticles are used for drug delivery, they often end up in the liver or spleen instead of the intended target. A team led by Jacob S. Brenner and Vladimir Muzykantov of the University [...]

Researchers design self-powered robots the size of human cells

AEROSOLS FOR GOOD. You may have sworn off aerosol sprays in the ’90s when everyone was talking about the hole in the ozone layer, but a team of researchers from MIT has found a [...]

2018-07-30T13:47:58+00:00

Leave A Comment