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Iktos has been awarded a €2.5 million grant from the European Innovation Council (EIC) Accelerator to enhance its AI and robotics platform for drug discovery. This funding, with the potential for an additional €5 million, aims to integrate AI-driven molecular generation, automated synthesis, and biological testing, significantly speeding up the drug discovery process. The company plans to expand its platform over the next two years, following its acquisition of Synsight and its MTBench technology for biological screening.
The investment will enhance Iktos' capabilities by utilizing AI to optimize each stage of the drug development cycle. This innovative approach allows for real-time integration of experimental data, leading to faster convergence on effective drug candidates. The recognition from the EIC Accelerator highlights Iktos' commitment to ethical AI practices in drug discovery, aligning with Europe's strategic priorities.
• Iktos received €2.5 million grant for AI-driven drug discovery advancements.
• The platform integrates AI for faster drug candidate development.
AI-driven drug discovery refers to the use of artificial intelligence to streamline the process of identifying and developing new pharmaceuticals.
Automated synthesis involves using robotic systems to create chemical compounds, enhancing efficiency in drug development.
Generative AI refers to algorithms that can create new data instances, such as molecular structures, based on learned patterns.
Iktos specializes in AI-driven drug discovery, utilizing generative AI to design molecules efficiently.
Synsight provides proprietary technology for high-precision biological screening, enhancing Iktos' drug discovery capabilities.
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