LABGENIUS
LabGenius, a pioneer in the use of machine learning (ML) for antibody-based drug discovery, today announced that it has been awarded a highly competitive Biomedical Catalyst (BMC) grant from Innovate UK. With this recent grant, LabGenius has secured a total of over £1 million in government backing this year.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130005020/en/
LabGenius is pioneering the development of an ML-driven protein engineering platform (EVA™). To date, EVA has co-optimised mono- and multi-specific single domain antibodies for biochemical and biofunctional properties, including stability, potency and selective tumour cell killing.
There are many different types of solid tumours that would benefit from highly selective immunotherapy treatments. This grant will be used to support the development of LabGenius’ pipeline of antibody therapeutics by financing the discovery of best-in-class immune cell engager molecules with favourable selective killing profiles. To do this, LabGenius will use its platform technology to intelligently guide the search for protein designs that perform across multiple therapeutically valuable properties.
“We’re truly delighted with this result” said LabGenius’ CEO and Founder, Dr. James Field. “This grant will enhance LabGenius’ ability to optimise an important class of immunotherapeutics and help us to accelerate drug candidates towards the clinic.”
Speaking to LabGenius’ success, Chairman of LabGenius’ Board and former CEO of Ablynx, Dr. Edwin Moses commented “This is a great win for LabGenius as it further validates their ML-driven approach to antibody discovery. With this backing, the team can further expand their efforts to build a strong pipeline of molecules that would not have been identified through rational human design alone.”
– end –
About LabGenius
Headquartered in London, LabGenius is a leading machine learning-driven protein engineering company. The company’s core technology platform, EVA™, enables the rapid discovery of novel therapeutic antibodies. LabGenius’ highly multidisciplinary team brings together the very best minds from the fields of computer science, robotic automation and synthetic biology.
For more information, please visit www.labgeni.us, or connect on Twitter, LinkedIn and Medium.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005020/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
IL-STRIKE24.4.2024 16:01:32 CEST | Press release
Strike Launches Bitcoin App in Europe
OH-PARKER-AEROSPACE24.4.2024 16:01:32 CEST | Press release
Parker Aerospace Joins HyFIVE Consortium to Advance Aviation Liquid Hydrogen Fuel System Development
TX-OURO24.4.2024 15:54:31 CEST | Press release
Ouro and Real Madrid Partner to Deliver Innovative Financial Products to Football Fans Around the Globe
CEGID24.4.2024 15:37:29 CEST | Press release
EBP Shareholders Enter into Exclusive Negotiations with Cegid to Create a European Leader in the Highly Strategic and Growing Market for Micro and SMB Enterprise Software
MA-EXERGEN24.4.2024 15:01:28 CEST | Press release
Exergen Sues Baxter International to Defend Its Right to Publish Data Regarding the Accuracy of Oral Thermometers
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom