Adnexus Biotechnologies Partners with 1606 Corp. for Strategic Investment to Revolutionize AI-Driven Drug Discovery
1606 Corp. (OTC PINK:CBDW) has signed a Letter of Intent to acquire a strategic stake in Adnexus Biotechnologies Inc., a company specializing in AI-driven drug discovery and infectious disease research. This potential investment aligns with 1606 Corp.'s goal to expand its AI capabilities and impact healthcare and biotechnology sectors.
Adnexus operates an advanced AI platform called SUTRA, which identifies specific sites and biomarkers for infectious and neurological diseases. The platform has successfully produced human monoclonal antibodies unaffected by virus mutations, utilizing data from 19 viruses, 8 million molecules, and human microbiome samples.
The collaboration aims to enhance technological capabilities and drive breakthroughs in drug discovery and infectious disease treatment. The transaction is subject to due diligence and certain conditions outlined in the LOI.
1606 Corp. (OTC PINK:CBDW) ha firmato una Lettera di Intenti per acquisire una partecipazione strategica in Adnexus Biotechnologies Inc., un'azienda specializzata nella scoperta di farmaci tramite intelligenza artificiale e nella ricerca sulle malattie infettive. Questo potenziale investimento è in linea con l'obiettivo di 1606 Corp. di espandere le proprie capacità di intelligenza artificiale e di influenzare il settore sanitario e biotecnologico.
Adnexus gestisce una piattaforma avanzata di intelligenza artificiale chiamata SUTRA, che identifica siti specifici e biomarcatori per malattie infettive e neurologiche. La piattaforma ha prodotto con successo anticorpi monoclonali umani non influenzati dalle mutazioni virali, utilizzando dati provenienti da 19 virus, 8 milioni di molecole e campioni di microbioma umano.
La collaborazione mira a migliorare le capacità tecnologiche e generare progressi nella scoperta di farmaci e nel trattamento delle malattie infettive. La transazione è soggetta a due diligence e a determinate condizioni delineate nella LOI.
1606 Corp. (OTC PINK:CBDW) ha firmado una Carta de Intención para adquirir una participación estratégica en Adnexus Biotechnologies Inc., una empresa especializada en el descubrimiento de medicamentos impulsado por inteligencia artificial y en la investigación de enfermedades infecciosas. Esta inversión potencial está alineada con el objetivo de 1606 Corp. de expandir sus capacidades en IA e impactar en los sectores de salud y biotecnología.
Adnexus opera una plataforma avanzada de IA llamada SUTRA, que identifica sitios específicos y biomarcadores para enfermedades infecciosas y neurológicas. La plataforma ha producido con éxito anticuerpos monoclonales humanos no afectados por mutaciones virales, utilizando datos de 19 virus, 8 millones de moléculas y muestras del microbioma humano.
La colaboración tiene como objetivo mejorar las capacidades tecnológicas y generar avances en el descubrimiento de medicamentos y el tratamiento de enfermedades infecciosas. La transacción está sujeta a la debida diligencia y a ciertas condiciones descritas en la LOI.
1606 Corp. (OTC PINK:CBDW)는 Adnexus Biotechnologies Inc.의 전략적 지분 인수를 위한 의향서를 체결했습니다. 이 회사는 AI 기반의 약물 발견 및 감염병 연구를 전문으로 하고 있습니다. 이 잠재적 투자는 1606 Corp.가 AI 역량을 확장하고 헬스케어 및 생명공학 분야에 영향을 미치려는 목표와 일치합니다.
Adnexus는 SUTRA라는 고급 AI 플랫폼을 운영하며, 이는 감염 및 신경계 질환을 위한 특정 부위 및 바이오 마커를 식별합니다. 이 플랫폼은 19개의 바이러스, 800만 개의 분자, 그리고 인간 마이크로바이옴 샘플의 데이터를 활용하여 바이러스 변종에 영향을 받지 않는 인간 단클론 항체를 성공적으로 생산해왔습니다.
이번 협력은 기술 역량을 향상시키고 약물 발견 및 감염병 치료에 대한 혁신을 추진하는 것을 목표로 합니다. 거래는 실사가 필요하며 LOI에 명시된 특정 조건에 따라 진행됩니다.
1606 Corp. (OTC PINK:CBDW) a signé une Lettre d'Intention pour acquérir une participation stratégique dans Adnexus Biotechnologies Inc., une société spécialisée dans la découverte de médicaments pilotée par l'intelligence artificielle et la recherche sur les maladies infectieuses. Cet investissement potentiel est en adéquation avec l'objectif de 1606 Corp. d'élargir ses capacités en IA et d'impact sur les secteurs de la santé et de la biotechnologie.
Adnexus utilise une plateforme avancée d'IA appelée SUTRA, qui identifie des sites spécifiques et des biomarqueurs pour les maladies infectieuses et neurologiques. La plateforme a réussi à produire des anticorps monoclonaux humains non affectés par les mutations virales, en utilisant des données provenant de 19 virus, de 8 millions de molécules et d'échantillons du microbiome humain.
Cette collaboration vise à améliorer les capacités technologiques et à générer des avancées dans la découverte de médicaments et le traitement des maladies infectieuses. La transaction est soumise à une diligence raisonnable et à certaines conditions énoncées dans la LOI.
1606 Corp. (OTC PINK:CBDW) hat eine Absichtserklärung unterzeichnet, um eine strategische Beteiligung an Adnexus Biotechnologies Inc. zu erwerben, einem Unternehmen, das sich auf KI-gestützte Arzneimittelentdeckung und Forschung zu Infektionskrankheiten spezialisiert hat. Diese potenzielle Investition entspricht dem Ziel von 1606 Corp., seine KI-Fähigkeiten auszubauen und Einfluss auf den Gesundheits- und Biotechnologiesektor zu nehmen.
Adnexus betreibt eine fortschrittliche KI-Plattform namens SUTRA, die spezifische Standorte und Biomarker für Infektions- und neurologische Krankheiten identifiziert. Die Plattform hat erfolgreich menschliche monoklonale Antikörper produziert, die nicht von Virusmutationen betroffen sind, und dabei Daten von 19 Viren, 8 Millionen Molekülen und menschlichen Mikrobiomproben genutzt.
Die Zusammenarbeit zielt darauf ab, die technologischen Fähigkeiten zu verbessern und Durchbrüche in der Arzneimittelentdeckung und der Behandlung von Infektionskrankheiten voranzutreiben. Die Transaktion unterliegt der Due Diligence und bestimmten Bedingungen, die in der LOI festgelegt sind.
- Strategic investment in Adnexus Biotechnologies expands 1606 Corp.'s AI capabilities
- Adnexus' SUTRA platform has successfully produced human monoclonal antibodies resistant to virus mutations
- Potential for significant advancements in drug discovery and infectious disease treatment
- Collaboration may enhance technological capabilities and foster innovation in healthcare and biotechnology
- Transaction is subject to due diligence and certain conditions, which may delay or prevent completion
- No financial details or terms of the investment were disclosed
- Potential risks associated with integrating new AI technologies and expanding into new sectors
SEATTLE, WA / ACCESSWIRE / September 17, 2024 / 1606 Corp. (OTC PINK:CBDW) (the "Company" or "1606") is pleased to announce it has signed a Letter of Intent to acquire a strategic stake in Adnexus Biotechnologies Inc., a pioneering company in Artificial Intelligence-driven innovations for early drug discovery and infectious disease research.
This potential strategic investment exemplifies 1606 Corp.'s commitment to advancing its technological capabilities and expanding its reach in the AI sector. Integrating Adnexus's cutting-edge AI research and development into its portfolio underscores 1606 Corp.'s aim to impact the AI sector, healthcare, and biotechnology significantly. This collaboration has the potential to push the boundaries of what is achievable in these fields.
Adnexus Biotechnologies Inc. operates an advanced AI-driven drug discovery and development platform called SUTRA. This platform, at the forefront of technological innovation, identifies specific sites and biomarkers for infectious and neurological diseases. The AI platform has successfully produced Fully Human, Broadly Neutralizing, durable monoclonal antibodies unaffected by virus mutations. The AI platform utilizes a repository containing data on 19 viruses, a curated library of 8 million molecules, and human microbiome samples. The goal is to create robust models and make significant advancements in producing groundbreaking drugs that demonstrate effectiveness and disrupt the landscape of treatments for infectious and neurological diseases.
Adnexus Biotechnologies' CEO, Gaurav Chandra, emphasizing Adnexus' unwavering dedication to advancing the frontiers of pharmaceutical development, stated, "Adnexus Biotechnologies Inc. is committed to pushing the boundaries of pharmaceutical development through its state-of-the-art AI platform, monoclonal antibodies, and HIV capsid inhibitor. The pre-clinical results of the HIV capsid inhibitor in combating HIV, and the Fully Human Monoclonal Antibody (Clone3), have become priced assets of Adnexus Biotechnologies' therapeutic portfolio. We are confident we will advance these molecules with the dedicated efforts of our team of accomplished scientists and executives with advanced chemistry, pharmacology, and drug development expertise." This dedication instills confidence in our ability to deliver impactful solutions.
Dr. Gaurav Chandra, expressing his enthusiasm about the strategic partnership with 1606 Corp. and emphasizing its significance, stated, "We are thrilled to embark on this strategic partnership with 1606 Corp. Their commitment to leveraging AI technology aligns perfectly with our mission to drive breakthroughs in drug discovery and infectious disease treatment. This collaboration represents a significant opportunity to enhance our technological capabilities and expand the impact of our innovative solutions."
Austen Lambrecht, CEO of 1606 Corp., commented, "We are pleased to enter into this agreement with Adnexus. Their pioneering work in AI-driven drug discovery and infectious disease treatment closely aligns with our commitment to leveraging advanced AI technologies to develop high-impact solutions. This collaboration significantly advances our efforts to diversify and strengthen our technological capabilities."
In order to close, the transaction must follow standard due diligence and fulfill certain conditions detailed in the LOI. Both companies are optimistic that this strategic partnership will deliver substantial shareholder value, drive technological advancements, and foster innovation in their respective fields. We will keep our stakeholders informed about the progress and any significant developments throughout the process.
About Adnexus Biotechnologies Inc.
Adnexus is a leading innovator in biotechnology, specializing in AI-driven solutions for early drug discovery, infectious disease and neurodegenerative disease research. Its proprietary methods focus on developing therapeutic solutions by leveraging human immune-B cells, offering a cutting-edge approach to creating highly effective treatments. For more information, please visit https://www.adnexusbiotech.com.
About 1606 Corp.
1606 Corp. stands at the forefront of technological innovation, particularly in AI Chatbots. Our mission is to revolutionize customer service, addressing the most significant challenges faced by consumers in the digital marketplace. We are dedicated to transforming the IR industry through cutting-edge AI centric solutions, ensuring a seamless and efficient customer experience.
As a visionary enterprise, 1606 Corp. equips businesses with the advanced tools they need to excel in the competitive digital landscape. Our commitment to innovation and quality positions us as a leader in the field, driving the industry forward and setting new benchmarks for success and customer satisfaction.
For more information, please visit cbdw.ai.
Industry Information
The global AI market, valued at
Forward-Looking Statements
This press release includes forward-looking statements under federal securities laws, including projections and expectations regarding business developments, operations, and market conditions. These statements are identified by terms such as "should," "may," "intends," "anticipates," and others. While based on reasonable assumptions, results may differ due to various risks and uncertainties. Please review cautionary statements and disclosures in our filings with the SEC. Adnexus does not undertake any obligation to update forward-looking statements except as required by law.
For inquiries, please contact our CEO, Austen Lambrecht, at austen@1606corp.com.
Contact Information
Austen Lambrecht
CEO
austen@1606corp.com
SOURCE: 1606 Corp
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