May 21, 2024

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Century Health, now with $2 million, is utilizing AI to provide pharma entry to good affected person information

3 min read

Artificial intelligence can discover hidden indicators in information in healthcare, and corporations like Nvidia are listening to what that might imply. For instance, this Announced two dozen new AI-powered instruments Last week for areas together with biotechnology and drug discovery. And Nvidia is not alone.

Century Health is a brand new startup that’s turning into energetic. It is making use of AI to scientific information to uncover new functions for medicines. It is working with pharmaceutical corporations and researchers, initially at Yale and UC San Diego, to determine and commercialize the following breakthrough for illnesses like Alzheimer’s, which impacts thousands and thousands of sufferers.

This mission is the private mission of Vish Srivastava, Co-Founder and CEO of Century Health. He watched his grandfather’s Alzheimer’s progress to the purpose the place he would now not acknowledge Srivastava.

“It hit me hard,” stated Srivastava, whose background is in healthcare product improvement and information. “One of the largest points associated to innovation for brand spanking new remedies is environment friendly entry to good affected person information. This is now attainable solely due to generic AI. That information lay round for many years as a result of it required handbook effort to normalize it and extract insights from it.

That’s when he fashioned Century Health with buddy Sanjay Hariharan, an information scientist and utilized AI engineer. They created a platform to extract that hidden information and combination it. Researchers and pharma corporations subscribe to the platform and may then use that information on accepted medicine; increasing entry to new medicine; Or to realize insights into increasing entry to medicine which have already been accepted.

The final purpose is to hurry up entry to therapy, Srivastava stated.

“Drug development is extremely expensive and it takes an average of $1 billion to $2 billion to develop a new drug,” he stated. “From the pharma company’s perspective, when their drug is now approved, the mission is to get it to patients as quickly as possible. For us, it also means access to good real-world data as cost-effectively as possible.”

Now armed with $2 million in pre-seed funding, Century Health will run three to 5 pilot initiatives over the following a number of months. The purpose, Srivastava stated, is to validate the preliminary know-how that collects the information and, most significantly, what impression insights from these information units can deliver.

He sees these pilots as a strategy to design partnerships and get suggestions on the advantages of the medicine, for instance, which affected person sub-populations could also be under-represented. In addition to validated know-how, one other milestone will likely be to safe preliminary income from the pilots, which Century Health can leverage after one other spherical of enterprise capital.

The funding was led by 2048 Ventures, with participation from LifeX, Everywhere, Alumni Ventures and a gaggle of angel buyers together with Datavent founder Travis May and Avidation founder and CEO Christine Lemke.

Alex Iskold, managing companion of 2048 Ventures, stated in a press release, “At 2048 Ventures we’ve a powerful thesis concerning the energy of real-time information in healthcare and past. Vish and Sanjay have a imaginative and prescient to leverage AI and real-world affected person information to unlock higher suggestions loops and finally result in quicker and extra environment friendly drug improvement and commercialization.

(TagstoTranslate)AI(T)Artificial Intelligence(T)Century Health(T)Exclusive(T)Healthcare AI(T)Vish Srivastava

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