empty
 
 
Bill Gates backs Exscientia to overcome COVID-19 pandemic
22-09-2021 15:28
Bill Gates backs Exscientia to overcome COVID-19 pandemic
Bill Gates backs Exscientia to overcome COVID-19 pandemic

Billionaire philanthropist Bill Gates has been seeking ways to overcome the coronavirus pandemic. The Bill and Melinda Gates Foundation has invested nearly $70 million in the startup Exscientia which is developing drugs for COVID-19.

The largest charity foundation has signed a four-year deal worth $70 million with Exscientia in exchange for a stake in the company. Part of the funding will be used to develop medicines to treat the coronavirus and stop future pandemics from spreading. The main feature of this project is artificial intelligence applied for conducting research. The use of AI should significantly reduce the time for designing pills. According to the developers, apart from drugs for COVID-19, Exscientia is focusing on developing treatments for influenza and virus Nipah, which is transmitted from animals to humans and can cause respiratory problems.

"The ongoing COVID-19 pandemic underscores the urgency to develop safe and effective broad-spectrum drugs to expand our armory against viruses and their variants," Exscientia CEO Andrew Hopkins said. He noted that the company saw great potential for “small molecule therapeutics”.  Low molecular substances that can penetrate cells quite rapidly to reach their targets.

This is not Exscientia's first experience of this kind. The company has already designed medicines in collaboration with Japanese drugmaker Sumitomo Dainippon Pharma, using artificial intelligence. Now the pills are entering clinical trials. The startup has also independently developed an oncology drug.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback