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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.

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

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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