GT Apeiron Therapeutics Backs By GT Healthcare With $27 Million

According to Cision PR Newswire, GT Apeiron Therapeutics was launched with the backing from GT Healthcare and associated investors. The company also entered into a drug discovery collaboration with Exscientia, which utilizes artificial intelligence for drug discovery. Working with Exscientia' state-of-the-art automated AI drug discovery platform and other emerging technologies, Apeiron aims to accelerate the development of novel drugs via new pathways to tackle high impact therapeutic targets, with an initial focus on oncology.

"Though pharmaceutical R&D productivity has been a challenge for the industry, we have seen positive trends such as breakthroughs in biology, novel approaches, and acceleration of technology advances. Apeiron will leverage such emerging technologies to significantly improve drug R&D productivity to benefit patients," Dr. Mingxi Li said in an interview at the launch.

Led by a team with extensive drug discovery expertise, Apeiron intends to develop breakthrough investigational medicines by harnessing the power of artificial intelligence, which drastically increases efficiency throughout the drug discovery process, from target selection, hit identification, lead optimization to pre-clinical studies and clinical trials.

GT Healthcare is an Asia-based private investment partnership that specializes in healthcare investments around the globe that aim to change technology landscapes. GT Healthcare intends to provide capital and scale expertise to healthcare businesses in Asia.