ILIKOS Consulting Group and Simmunome Announce Strategic Partnership
- Offering advanced development insight to biopharmaceutical companies as a means of enabling better outcomes.
- Mitigating risk across all phases of the development pathway by performing experiments in silico to simulate biological processes allowing clinical researchers to focus on the right targets and right patient populations, resulting in streamlined advancement of effective therapies.
LIMASSOL, Cyprus, Aug. 1, 2023 /PRNewswire/ -- With the average new drug taking 10 years in clinical development, combined with a $2B+ price tag and 90% failure rate, the clinical research model is no longer sustainable in today's market conditions. Furthermore, many drug failures happen at the late-stage of development, creating devastating losses and disappointment for patients and their families.
The significant growth of AI applications in drug development coupled with the decreasing cost of computing power required to analyze large datasets, enables more informed decisions and better investment strategies. Biological complexity remains the number one challenge in clinical research but with millions of past experiments and clinical trials performed by the collective scientific community and many results residing in the public domain, it's time to put it all together to create a holistic model of each disease.
"Working closely with emerging biopharmaceutical companies has been a foundational objective since our inception. Adding Simmunome into our ecosystem of strategic partners enables us to extend their cutting-edge AI technology to our clients, helping them de-risk their development programs, make better informed decisions and gain more control over outcomes" – said Mr. Elias Sayias BSc. CCRA, Founder and CEO of ILIKOS.
Simmunome Untangles Biological Complexity Using AI
With a robust disease-agnostic platform and an expertise in molecular biology, bioinformatics, machine learning, and computational biology, Simmunome is uniquely positioned to tackle the most complex biological questions related to disease mechanisms and how the molecular pathways are linked to clinical outcomes. The benefits of simulating clinical outcomes come in the form of better anomaly detection, future event forecasting and better clinical development decisions.
"Simmunome's platform can be leveraged by our clients in both academic and private sectors across all stages of development, starting from the early drug discovery process, enhancing operational efficiencies. This approach can solve key challenges while enabling faster and more efficient discovery and development of new drugs. We are very excited about the potential of this partnership." – said Dr. Styliana Mirallai, Corporate Development Manager.
"The crucial role of ILIKOS in providing comprehensive consulting services to biopharmaceutical and medical technology companies is imperative considering the increasing costs of clinical research and development while navigating an evolving regulatory landscape. This strategic partnership with ILIKOS presents an exciting opportunity for Simmunome, as we combine our expertise and resources to confidently make groundbreaking advancements in the field. We look forward to leveraging our platform capabilities and working closely with our partners to drive innovation and ultimately improve clinical development efficacies and more importantly, patient outcomes." said Dr Murira, CEO of Simmunome.
"We are ecstatic to partner with ILIKOS because of the personalized approach they take with their clients. ILIKOS sees the value and tremendous power of AI in clinical development and is well-positioned to allow Simmunome to serve biopharmaceutical companies in North America, Europe and the META regions," said Tanya Tolomeo, Head of Business Development of Simmunome.
About ILIKOS Consulting Group
ILIKOS offers flexible, adaptive and highly personalized consulting services to biopharmaceutical and medical technology companies helping them progress the development of their investigational products. ILIKOS also works closely with a wide range of Contract Research Organizations (CROs) to establish and execute highly effective business & corporate development strategies.
To learn more, please visit: www.goilikos.com
For further information, please contact:
Dr. Styliana Mirallai
Corporate Development Manager
e-mail: smirallai@goilikos.com
About Simmunome
Simmunome is at the leading edge of leveraging AI towards unraveling biological complexity. Simmunome's platform allows users to input preclinical and clinical data to derive disease-specific insights and help R&D researchers make critical go/no-go decisions. By combining multi-omic data to create comprehensive models of disease, Simmunome simulates biological processes to identify novel drug targets and predict and improve clinical outcomes. Simmunome de-risks clinical research, reduces R&D costs and dramatically accelerates health research and innovation.
To learn more, please visit: www.simmunome.com
For further information, please contact:
Tanya Tolomeo
Head of Business Development
e-mail: tanya.tolomeo@simmunome.com
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