RE: Going North24 Feb 2022 07:40
Poolbeg Pharma PLC
Artificial Intelligence deal with OneThree Biotech
RNS Number : 6391C
Poolbeg Pharma PLC
24 February 2022
Poolbeg Pharma plc
Artificial Intelligence deal signed with OneThree Biotech
New treatments for infectious disease to be identified through analysis of human challenge trial data
24 February 2022 - Poolbeg Pharma (AIM: POLB, 'Poolbeg' or the 'Company') a clinical stage infectious disease pharmaceutical company with a capital light clinical model, has signed an agreement with OneThree Biotech, Inc . a biology-driven artificial intelligence ('AI') company, to identify new drug targets and treatments for Respiratory Syncytial Virus ('RSV').
Under the terms of the transaction and as aligned with Poolbeg's strategy, OneThree Biotech's state-of-the-art AI analysis tools will identify drug assets which target immune-response pathways, have a higher probability of clinical success and have the potential to prevent and / or treat infectious diseases. The analysis will prioritise drugs with existing Phase I safety data, reducing spend and risk, which can feed into Poolbeg's rapid, capital light clinical development strategy and its expanding pipeline of assets. The analysis is expected to commence in Q1 2022 with preliminary outputs from this work expected in H2 2022.