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PICARD SIGNED

DISRUPTIVE GPCR LEAD DISCOVERY PLATFORM DELIVERING NEW AND SAFER THERAPEUTICS

Total Cost €

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EC-Contrib. €

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Partnership

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 PICARD project word cloud

Explore the words cloud of the PICARD project. It provides you a very rough idea of what is the project "PICARD" about.

combines    dramatically    pharmacologically    business    trials    differentiates    artificial    industry    provides    probability    uuml    model    off    reducing    gpcrs    acquire    intelligence    scherrer    start    designed    commercialization    longer    80    efficiency    economic    million    extremely    71    platform    protein    discovery    services    paul    rate    custom    coupled    time    predictability    seven    picard    gt    lower    receptors       companies    clinical    vivo    biology    desired    outsourcing       compounds    70    savings    spin    investment    entry    stages    remarkably    produces    animal    drug    strategy    risks    drugs    devised    company    biotech    12    holistic    least    940    innovative    markets    global    right    uses    moment    150    pharmaceutical    data    candidates    service    barriers    experimental    intend    sizeable    billion    swiss    exploited    levels    pilot    untapped    eth    15    market    opportunity    customers    zero    technologies    40    interax    creates   

Project "PICARD" data sheet

The following table provides information about the project.

Coordinator
INTERAX BIOTECH AG 

Organization address
address: PARK INNOVAARE
city: VILLINGEN
postcode: 5234
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Switzerland [CH]
 Total cost 2˙493˙167 €
 EC max contribution 1˙745˙217 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-10-01   to  2021-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    INTERAX BIOTECH AG CH (VILLINGEN) coordinator 1˙745˙217.00

Map

 Project objective

InterAx Biotech, a Swiss company and spin-off from the ETH Zürich and the Paul Scherrer Institute, has built PICARD, an innovative and unique lead discovery platform for the design and selection of better drug candidates. PICARD combines a systems biology approach with experimental data and uses artificial intelligence methods to design novel compounds with the desired properties. This holistic approach differentiates PICARD from technologies now used in the pharmaceutical industry. Our systems biology approach provides PICARD with in vivo predictability, dramatically reducing the need for animal testing (60-80%) and increasing the probability of success of drug candidates in clinical trials. At the moment, the success rate in clinical trials is lower than 12%. This produces sizeable costs (€2.3 billion) and extremely long time to market (15 years or longer) in drug development. We offer custom-designed PICARD services to pharmaceutical and biotech companies that are outsourcing key stages of their drug discovery process. PICARD remarkably increases the efficiency of the drug discovery process, offering our customers economic savings of at least €150.7 million per developed drug and a reduction of time to market to 10 years. PICARD focuses on G-Protein Coupled Receptors (GPCRs), which are the target of 40% of the developed drugs. However, >70% of the pharmacologically relevant GPCRs are yet to be exploited, which creates an untapped global market opportunity of €71.2 billion. We intend to acquire, in seven years, 1-2% of the European and US available markets (€940 million). To achieve this goal, we have designed a business model in which PICARD is offered at increasing levels of support, investment and risks for our customers: service projects, pilot projects and long term partnerships. This strategy is devised to lower market entry barriers, allowing us to start commercialization right after Phase 2 execution, with a zero time to market.

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The information about "PICARD" are provided by the European Opendata Portal: CORDIS opendata.

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