STOCK TITAN

VantAI Enters Collaboration With Bristol Myers Squibb to Accelerate Molecular Glue Drug Discovery Through Artificial Intelligence

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
VantAI and Bristol Myers Squibb collaborate to discover molecular glues for therapeutic targets, with VantAI eligible to receive up to $674 million in milestone payments and royalties. The partnership combines VantAI's generative AI platform with Bristol Myers Squibb's expertise in targeted protein degradation to develop new small molecule therapeutics.
Positive
  • None.
Negative
  • None.

Insights

The strategic collaboration between VantAI and Bristol Myers Squibb represents a significant venture in the field of drug discovery, particularly in the area of targeted protein degradation. Molecular glues are an emerging class of small molecules that induce protein-protein interactions, leading to the degradation of disease-causing proteins. The potential market for such therapies is substantial, given their application across a range of diseases, including cancer and neurodegenerative disorders.

The financial commitment from Bristol Myers Squibb, potentially totaling $674 million in milestone payments plus royalties, underscores the high stakes and the confidence in VantAI's technology. Such a significant deal structure is indicative of the industry's trend towards high-value partnerships with AI-driven biotech companies. Investors should note the potential for long-term revenue streams for VantAI, assuming successful discovery and development phases, which could positively influence Bristol Myers Squibb's product pipeline and future earnings.

From a legal and regulatory standpoint, the collaboration entails complex intellectual property considerations. VantAI's generative AI and geometric deep learning technology are at the core of this partnership and protecting these proprietary methods will be crucial. The agreement likely includes provisions for the handling of patents and trade secrets, especially since the discovery of molecular glues involves innovative computational techniques. Furthermore, the tiered royalty structure suggests a careful negotiation to balance risks and rewards for both parties, a common approach in biotech collaborations that aligns incentives and ensures shared interest in the commercial success of the developed therapies.

The 'Protein-Contact-First' (PCF) approach, which VantAI employs, is a notable advancement in drug design. By focusing on evolved protein interfaces, VantAI aims to create molecular glues that are more effective and selective. This could lead to the development of therapies with fewer side effects and higher efficacy. The clinical implications are significant, as targeted protein degradation is a promising strategy for tackling undruggable targets. For stakeholders, this means monitoring the progression of this collaboration closely, as it could result in breakthrough therapies that address unmet medical needs and potentially alter the treatment landscape for various diseases.

-- Collaboration to leverage VantAI's expertise in generative AI and geometric deep learning to identify molecular glues against targets of interest with an option to expand to additional programs

-- VantAI is eligible to receive up to $674 million in discovery, development, clinical, regulatory, and sales milestone payments plus tiered royalties from BMS --

NEW YORK--(BUSINESS WIRE)-- VantAI, a company focused on generative AI-enabled drug discovery, and Bristol Myers Squibb (NYSE: BMY), a leading pharmaceutical company, have entered into a strategic collaboration to discover new molecular glues for therapeutic targets of interest. The partnership leverages VantAI's geometric deep learning capabilities with Bristol Myers Squibb’s expertise in targeted protein degradation to discover and develop new small molecule therapeutics.

VantAI co-founders (left to right): Zachary Carpenter (CEO) and Luca Naef (CTO). Photo credit: VantAI

VantAI co-founders (left to right): Zachary Carpenter (CEO) and Luca Naef (CTO). Photo credit: VantAI

The collaboration will focus on leveraging VantAI’s generative AI platform to design molecular glues as small molecule therapeutics. These efforts advance VantAI's mission to unlock the potential of proximity modulation as a powerful tool against therapeutic targets.

VantAI is eligible to receive up to $674 million in discovery, development, clinical, regulatory, and sales milestone payments plus tiered royalties from Bristol Myers Squibb, with an option to further expand to additional therapeutic programs.

"Molecular glues have proven extremely difficult to find, but hold great promise as a treatment modality across a vast array of diseases,” said VantAI's CEO, Dr. Zachary Carpenter. “At VantAI, we view glue discovery as a challenging ‘geometric puzzle’, and we believe that artificial intelligence is the best tool to find the missing piece. Our collaboration with Bristol Myers Squibb is a significant step forward in our journey to use generative AI to accelerate molecular glue discovery and ultimately bring new therapies to patients.”

“This partnership with VantAI reflects our strategy of leveraging predictive sciences to identify novel molecular glues directed toward biologically validated targets,” said Neil Bence, PhD, Vice President, Head of Oncology Discovery, Bristol Myers Squibb. “We are maximizing the full potential of the our targeted protein degradation research platform based on more than two decades of experience, and collaborating with VantAI will help accelerate our discovery engine and to address critical unmet needs for patients faster.”

VantAI’s technology leverages geometric deep learning to generate insights from millions of years of naturally occurring, evolved interfaces, so that such interfaces can be mimicked during its design process. This ‘Protein-Contact-First’ (PCF) approach simplifies the complex chemical design challenge of bringing proteins together in the cell, yielding non-obvious, more glue-like solutions with optimized parameters including potency, selectivity and molecule size.

About VantAI

VantAI is at the forefront of applying generative AI technologies to drug discovery. With a cross-disciplinary team of scientists and engineers, VantAI is well suited to power solutions for induced proximity, where the nuance of protein-protein interactions, such as those in protein degradation, has outsized influence on drug success. For more information, visit www.vant.ai.

Media

Kimberly Ha

KKH Advisors

917-291-5744

kimberly.ha@kkhadvisors.com

Source: VantAI

FAQ

What is the collaboration between VantAI and Bristol Myers Squibb about?

The collaboration aims to discover new molecular glues for therapeutic targets using VantAI's generative AI platform and Bristol Myers Squibb's expertise in targeted protein degradation.

How much can VantAI potentially receive from Bristol Myers Squibb?

VantAI is eligible to receive up to $674 million in discovery, development, clinical, regulatory, and sales milestone payments plus tiered royalties from Bristol Myers Squibb.

What is VantAI's mission in this collaboration?

VantAI aims to unlock the potential of proximity modulation as a powerful tool against therapeutic targets by designing molecular glues as small molecule therapeutics.

What technology does VantAI leverage in its approach?

VantAI leverages geometric deep learning to generate insights from naturally occurring interfaces during its design process, using a 'Protein-Contact-First' approach.

Who are the co-founders of VantAI?

The co-founders of VantAI are Zachary Carpenter (CEO) and Luca Naef (CTO).

Bristol-Myers Squibb Co.

NYSE:BMY

BMY Rankings

BMY Latest News

BMY Stock Data

117.15B
2.03B
0.12%
78.46%
1.27%
Drug Manufacturers - General
Pharmaceutical Preparations
Link
United States of America
PRINCETON