In January, the Company announced a partnership with Astellas to identify a new indications for number of undisclosed compounds, and last September announced a partnership with Allergan for discovery of new treatments for psoriasis.
NuMedii's proprietary and dynamic Big Data intelligence technology consists of hundreds of millions of human, biological, pharmacological and clinical data points that the Company has normalized and annotated. The Company integrates these data with proprietary network-based algorithms to find both drug candidates and biomarkers predictive of efficacy for diseases. NuMedii is initially using its Big Data technology to discover and de-risk new indications for medicines.
Financial terms of the agreement were not disclosed.
About NuMedii, Inc.
NuMedii, Inc., discovers effective new drugs by translating its predictive data intelligence technology into therapies with a higher probability of therapeutic success. The Company's exclusive Big Data technology, originally developed at Stanford University, utilizes large amounts of scientific data together with proprietary biological network-based algorithms to discover drug-disease connections and biomarkers that are predictive of efficacy. NuMedii translates these predictions into novel de-risked drug candidates and partners with pharmaceutical companies for development and commercialization. The company is based in Palo Alto, California. For more information, please visit www.numedii.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/numedii-inc-announces-third-pharmaceutical-discovery-collaboration-300338223.html
SOURCE NuMedii, Inc.