Ono Pharma and twoXAR ink neuro drug discovery collaboration
Japanese drugmaker Ono Pharmaceutical (TYO: 4528) has signed a drug discovery research collaboration with twoXAR, a USA-based artificial intelligence (AI)-driven biopharmaceutical company, to jointly discover and develop novel, efficacious treatments to address unmet medical needs in a specific neurological disease. Ono’s shares dipped 1.4% to 2,256 yen following the announcement.
Under the agreement, twoXAR will use its proprietary AI technology to identify a set of lead compounds which demonstrate a novel mechanism of action and will be further optimized by Ono for potential drug candidates. twoXAR will also predict a set of hypotheses which suggest the efficacy and safety of such lead compounds for the therapy.
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