MIPS Project Detail:
Company
Company Description:
SilcsBio started operations in April, 2013, based on licensed intellectual property developed by Alexander MacKerell. SilcsBio is commercializing analysis tools with novel software capabilities for drug design, which could lead to the discovery of new molecules with decreased development costs. SilcsBio’s first products are designed to improve the modeling of drug candidate-protein interactions.
MIPS Project
Treatment of Leukemias with ART838 in Combination
Project #
6207
|
MIPS Round
62
|
Starting Date:
Aug 2018
SilcsBio competes in the rapidly growing $6 billion/year bioinformatics industry. Bioinformatics can be seen as a series of individual tools (known as services) that assist at each stage of drug discovery and development. These services are generally packaged together using a Service-Oriented Architecture. The SOA enables the inputs and outputs of each service to communicate. Because it is of little value to use one service without a few or many of the others, the companies that control the SOAs have a dominant control on the market channels. At the heart of the problem with the services involved in drug lead discovery is their inaccurate representation of lead-protein interactions. SilcsBio’s first product directly addresses the failures of other algorithms to properly model drug candidate-protein interactions. Thus, the company’s entrylevel market opportunity is to displace the service that currently maps protein surfaces with SilcsBio’s technology.
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(Source: SilcsBio)
Results:
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Principal Investigator:
Curt
Civin
,
,
Associate Dean for Research
Project Manager:
Allie
Stambaugh
,
,
Partner
Technologies:
Biotechnology / Genetic Engineering