UK-based systems biology drug discovery company E-therapeutics has launched a contract research consultancy service to enable drugmakers, including biotechnology firms, to use their R&D funds more effectively. The spin-off from Newcastle University, which has been listed on the Alternative Investment Market of the London Stock Exchange since November last year, utilizes its patented in silico technology to predict which compounds will be most effective and have the least toxicity.
Malcolm Young, E-therapeutics' chief executive, told the Financial Times that conventional approaches had not proved sufficiently accurate.
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