BioWorld - Tuesday, December 31, 2024

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Pitango Healthtech raises $175M for new fund

Sep. 6, 2023
By Shani Alexander
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Israel’s venture capital firm Pitango has raised $175 million for a new fund focused on backing entrepreneurs leveraging data science, artificial intelligence (AI), medical devices and novel biology to transform health care. Pitango Healthtech II is the firm’s second fund dedicated to health care and will see investment go into 15 companies ranging from those at the seed stage to those wanting commercial stage investment.


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UK allocates £13M for research into AI projects in health care

Aug. 31, 2023
By Shani Alexander
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The U.K. government’s recent allocation of £13 million (US$16.5 million) to fund research that will deliver cutting-edge artificial intelligence (AI) projects is a sign of its ongoing commitment to use the latest innovative technologies to modernize the health care sector. However, a group of MPs have released a report which warned that although AI offers significant opportunities there remains governance challenges that must be addressed.
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Hands holding gears
Drug Design, Drug Delivery & Technologies

Serengen and Deargen establish drug discovery collaboration

Aug. 30, 2023
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Serengen GmbH and Deargen Inc. have established a collaboration to accelerate the drug discovery process by bringing together Serengen’s novel DNA encoded library (DEL) technology with Deargen’s artificial intelligence (AI)-driven drug discovery platform, Deardti.
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AI-generated art of people at a dining table on the beach
Neurology/Psychiatric

EAN 2023: Answer to AI’s big data pitfalls is more data

July 3, 2023
By Anette Breindl
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Artificial intelligence (AI) continues to entice. On the exhibition floor at the 2023 Congress of the European Academy of Neurology, one company’s booth featured “Mindart” technology. A passersby could answer a short series of prompts, and get a unique image based on the input made by generative AI. Entertainment aside, medically speaking, AI applications “are still research,” Riccardo Soffietti told his audience at one of several sessions devoted to AI. “But obviously, research is the future.”
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