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(Kyowa Hakko Kirin) to harness the power of AI and ML for drug discovery.Through this collaboration, Kyowa Hakko Kirin, a life sciences company with a focus on new biologics and medicines for unmet medical needs, will leverage InveniAI’s platform – AlphaMeld™– to maximize portfolio value through the re-innovation of an existing therapeutic pipeline into new disease indications.Mitsuo Satoh, Ph.D., Executive Officer,Vice President, Head, R&D Division of Kyowa Hakko Kirin said, “As we seek to fulfill our business vision to bring innovative treatments to patients faster, we very much expect that InveniAI’s platform, will not only enable us to identify alternate therapeutic value for our portfolio at an unprecedented speed, but also capitalize on our existing investment by reducing the time to market, clinical cost of development and enhancing the probability of clinical success.”Krishnan Nandabalan, Ph.D., CEO and President of InveniAI said, “We are extremely pleased to initiate this collaboration to build on Kyowa Hakko Kirin’s clinically rich pipeline.AlphaMeld has industrialized the process of drug re-innovation by enabling the identification of complex associations between drugs/mechanisms and disease indications.The platform is patient-validated where multiple drug concepts have progressed through to human proof of clinical development.”Under the terms of the collaboration InveniAI will receive an upfront payment as well as development milestones and commercialization payments.Financial details are not disclosed.AboutKyowa Hakko KirinKyowa Hakko Kirin Co., Ltd.

Artificial intelligence

Delivering on its strategy on artificial intelligence adopted in April 2018 today the Commission presented a coordinated plan prepared with Member States to foster the development and use of artificial intelligence in Europe.

This plan proposes joint actions for closer and more efficient cooperation between Member States, Norway, Switzerland and the Commission in four key areas: increasing investment, making more data available, fostering talent and ensuring trust.

In line with the artificial intelligence strategy presented in April, the plan foresees increased coordination of investments, leading to higher synergies and at least €20 billion of public and private investments in research and innovation in artificial intelligence from now until the end of 2020 and more than €20 billion per year from public and private investments over the following decade.

Coordinated plan on Artificial Intelligence (AI) Communication Q&A on coordinated plan Factsheet on artificial intelligence More on: €66 million for robotics hubs Press release Communication Artificial Intelligence for Europe (April) Press release: expert group on artificial intelligence (March) Q&A European Approach to AI Declaration of cooperation on Artificial intelligence More information on AI

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