Verseon Co-founder and CEO Adityo Prakash
Verseon has spent twenty years pioneering scientific advances in molecular physics, chemistry, biology, and AI to create the world’s most superior drug-discovery platform
Verseon International Corporation, the world’s main technology-driven pharmaceutical firm, declares that it has acquired Edammo, Inc.
— VerseVerseon Co-founder and CEO Adityo Prakash
LONDON, UNITED KINGDOM, November 11, 2022 /EINPresswire.com/ — Verseon acquires Edammo to create extra powerful AI-
pushed data platform for accelerating new drug discoveries
• superior drug discovery platform now enhanced by Edammo’s AI expertise pushing Verseon’s valuation previous US$2 billion
• transfer brings Verseon nearer to new medication for most cancers, coronary heart illness and diabetes
• Edammo’s AI expertise outperforming Google’s, in accordance to Verseon
Verseon International Corporation, a world-leading technology-driven pharmaceutical firm, declares that it has acquired Edammo, Inc.
Verseon has spent twenty years pioneering scientific advances in molecular physics, chemistry, biology, and AI to create what it believes is the world’s most superior drug-discovery platform. The acquisition of Edammo by Verseon strikes the firm’s valuation to over US$2 billion.
Verseon says this platform systematically produces complete households of novel drug candidates that can not be discovered by another present methodology — candidates whose uniquely fascinating therapeutic profiles promise to change the commonplace of care for each illness they deal with. The firm now has seven packages for situations, together with coronary heart illness, diabetes, and most cancers.
When creating fully novel medication, the obtainable dataset is usually small and sparse. And big-data dependent AI can’t remedy small-data issues simply. Verseon has developed its personal specialised AI instruments internally to deal with these conditions.
The firm has additionally monitored exterior developments and located that Edammo’s Extreme AutoML expertise performs notably effectively in a wide range of life-sciences duties. Edammo’s novel strategy to AI is judged superior to different present applied sciences for using small datasets and has a considerably decrease error charge than industry-benchmark Google AutoML*.
Announcing the acquisition, Verseon Co-founder and CEO Adityo Prakash stated: “As we continue to expand Verseon’s capabilities through both in-house development and strategic acquisitions, Edammo’s AI technology will be an excellent addition to our platform.”
Edammo CEO Ed Ratner added, “We are pleased that Verseon determined our Extreme AutoML will enhance the machine-learning components of Verseon’s platform. While it’s useful in many different settings, applying Edammo’s technology to help develop critical new medicines is a highly rewarding opportunity to improve billions of lives around the world.”
Ends
* Supporting data for the efficiency of Edammo’s platform relative to Google’s will be discovered at the web site for the ELM (Experiments in Linguistic Meaning) 2021 convention and in the paper ‘A Novel ELM Ensemble for Time Series Prediction’
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For extra data or interviews with Verseon or Edammo principals, please contact steve.philp@worlddigitalfoundation
Verseon International Corporation is redefining delay, prevention, and therapy of illness. Using its distinctive physics-augmented AI platform, Verseon is rolling out a gradual stream of life-changing medicines. Each of the firm’s drug packages options a number of novel candidates with distinctive therapeutic properties. None of those candidates will be discovered by different present strategies. Verseon’s pipeline at the moment contains seven drug packages in the areas of anticoagulation, diabetic retinopathy, hereditary angioedema, oncology, and metabolic problems.
Edammo takes a revolutionary strategy to leveraging synthetic intelligence to make real-time, data-driven choices throughout a number of industries, together with drugs and the life sciences. To overcome the shortcomings of different AI techniques when utilized to modeling based mostly on small, dynamic data units, Edammo’s crew developed the Extreme AutoML platform, which is each sooner and extra exact than Deep Learning and conventional data mining. Results throughout a number of industries and varied situations have confirmed the superior accuracy and velocity of Extreme AutoML compared to main machine studying {industry} benchmarks.
____________________________________________________________________________
For extra data or interviews with Verseon or Edammo principals, please contact steve.philp@worlddigitalfoundation
Verseon International Corporation is redefining delay, prevention, and therapy of illness. Using its distinctive physics-augmented AI platform, Verseon is rolling out a gradual stream of life-changing medicines. Each of the firm’s drug packages options a number of novel candidates with distinctive therapeutic properties. None of those candidates will be discovered by different present strategies. Verseon’s pipeline at the moment contains seven drug packages in the areas of anticoagulation, diabetic retinopathy, hereditary angioedema, oncology, and metabolic problems.
Edammo takes a revolutionary strategy to leveraging synthetic intelligence to make real-time, data-driven choices throughout a number of industries, together with drugs and the life sciences. To overcome the shortcomings of different AI techniques when utilized to modeling based mostly on small, dynamic data units, Edammo’s crew developed the Extreme AutoML platform, which is each sooner and extra exact than Deep Learning and conventional data mining. Results throughout a number of industries and varied situations have confirmed the superior accuracy and velocity of Extreme AutoML compared to main machine studying {industry} benchmarks.
Steve Philp
World Digital Foundation
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