Computer-aided Drug Discovery is a Growing Field
Since completing a 2013 licensing deal with UM Ventures for technology that brings computers into the process of pharmaceutical drug discovery,SilcsBio has been growing its product offerings and sales.
Now, the company is getting a boost from the federal government. The company was awarded a Phase II Small Business Innovation Research (SBIR) award for $1.2 million, CEO Ken Malone said via email.
The funding from the National Institutes of Health will provide capital for the company to improve its capabilities in Computer-Aided Drug Design (CADD). The company’s existing products contain algorithms that map proteins, allowing specialists to test how they will perform with potential drugs that pharmaceutical companies are developing.
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