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Revolutionizing Antibody Therapeutics Using the Cloud

Biopharmaceutical research companies invest considerable resources to move an investigational medicine through the complex and lengthy research and development process. On average, it takes at least ten years for a new medicine to complete the journey from initial discovery to the marketplace, with clinical trials alone taking six to seven years on average.

challenge

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Revolutionizing Antibody Therapeutics Using the Cloud

Biopharmaceutical research companies invest considerable resources to move an investigational medicine through the complex and lengthy research and development process. On average, it takes at least ten years for a new medicine to complete the journey from initial discovery to the marketplace, with clinical trials alone taking six to seven years on average.
800K
people impacted
$1.7T
potential funding
the problem
Nature and Context

The process for researching and developing new medicines is growing in difficulty and length. On average, it takes at least ten years for a new medicine to complete the journey from initial discovery to the marketplace, with clinical trials alone taking six to seven years on average. The average cost to research and develop each successful drug is estimated to be $2.6 billion. This number incorporates the cost of failures – of the thousands and sometimes millions of compounds that may be screened and assessed early in the R&D process, only a few of which will ultimately receive approval. The overall probability of clinical success (the likelihood that a drug entering clinical testing will eventually be approved) is estimated to be less than 12%. While these numbers are daunting, a deeper understanding of the rigorous R&D process can explain why so many compounds do not make it and why it takes such a large, lengthy effort to get a new medicine to patients. Success requires immense resources — the best scientific minds, highly sophisticated technologies, ever-evolving manufacturing processes, and complex project management. It also takes persistence and, sometimes, luck. Ultimately, though, the process of drug discovery brings hope and relief to millions of patients.

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ideas
Ideas Description

Macromoltek is a scientific software company for the pharmaceutical industry that helps researchers make new discoveries. It does this by speeding up and streamlining the process used to analyze potential antibody drug targets. It removes the need for labs because the web-based software is accessible anywhere in the world. Usually a process that takes months, by using Macromoltek a researcher can upload a sequence of an antibody and after the software processes the data, the structure of the antibody is produced, decreasing the process down to just hours.

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