Key Highlights
- Chemify and Prepaire™ Labs expand partnership to tackle the opioid crisis with the Toxifree project.
- Innovative Approach: Combining Chemify’s programmable chemistry with Prepaire’s drug discovery platform to develop non-addictive pain modulators.
- Significant Investment: Chemify to receive at least $30 million, with additional success-driven milestones and royalties on developed products.
- Experienced Leadership: Led by Lee Cronin, Chemify’s Founder, and CEO, known for his expertise in addressing the opioid crisis.
Source: Business Wire
Notable Quotes
- “With this partnership, we are breaking ground on a new pain modulation discovery program that aims to tackle the global need for better and non-addictive pain medication,” – Lee Cronin, Founder and CEO at Chemify
- “Our partnership with Chemify allows our discovery platform to integrate directly with Chemify’s chemical space exploration approach, enabling us to access novel chemical matter that would have otherwise been inaccessible,” – Dr. Vicent Ribas, Co-Founder at Prepaire Labs
SoH's Take
The expansion of the partnership between Chemify and Prepaire™ Labs through the Toxifree project represents a significant leap in the fight against the opioid crisis. By harnessing the power of digital chemistry and integrated drug discovery platforms, this collaboration is poised to create groundbreaking solutions in pain management and opioid addiction treatment. The unique combination of Chemify’s Chemputation technology and Prepaire’s advanced drug development platform sets a new standard in the pharmaceutical industry, potentially reshaping how we approach pain modulation and addiction therapy. This initiative not only aligns with the FDA’s call for novel treatments but also highlights the increasing importance of technology-driven solutions in addressing critical healthcare challenges. As we observe this partnership’s progress, it’s clear that the future of drug discovery and treatment for complex health issues like the opioid crisis will heavily rely on innovative and collaborative approaches like those demonstrated by Chemify and Prepaire™ Labs.
