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Phare Bio Awarded Up To $27 Million from ARPA-H to Accelerate AI-Powered Drug Discovery and Develop Critically Needed New Classes of Antibiotics

Phare Bio Awarded Up To $27 Million from ARPA-H to Accelerate AI-Powered Drug Discovery and Develop Critically Needed New Classes of Antibiotics

October 10, 2024 Sarah Bruhn

September 26, 2024 02:15 PM Eastern Daylight Time

BOSTON–(BUSINESS WIRE)–Phare Bio, along with the Collins Lab at the Massachusetts Institute of Technology (MIT) and Harvard’s Wyss Institute, today announced that they have been awarded up to $27 million in funding from the Advanced Research Projects Agency for Health (ARPA-H), part of the U.S. Department of Health and Human Services, to enhance their generative artificial intelligence (AI) discovery platform and produce novel classes of antibiotics. With mounting concern around the AMR crisis, there is an urgent need for new antibiotics that have the potential to save millions of lives.

“The AMR crisis is accelerating, but with this collaboration with ARPA-H, another door is opening”Post this

“The AMR crisis is accelerating, but with this collaboration with ARPA-H, another door is opening,” said Akhila Kosaraju, M.D., CEO and President of Phare Bio. “These funds allow Phare Bio to add unprecedented clinical precision to our generative AI discovery platform and develop the novel and specific antibiotics that patients and physicians so vitally need.”

Since its founding in 2020, Phare Bio has been using AI to discover and develop novel antibiotics in collaboration with Professor Jim Collins’ lab at MIT and Harvard’s Wyss Institute (“the Collins Lab”). Their recent advancement of generative AI-based antibiotic design marks a major breakthrough, enabling a new level of customization and precision in how antibiotics can be discovered. The award from ARPA-H represents not only a significant step forward in scaling Phare Bio’s antibiotic pipeline but also for expanding the capabilities of AI-based drug discovery more broadly.

“This funding allows us to advance this critical work a step further towards a bespoke, active-learning AI-based platform,” said Jim Collins, Ph.D., Phare Bio’s Co-Founder and Chair of its Scientific Advisory Board. “Such a tailored AI platform that can target specific clinical needs has yet to be developed across drug discovery, let alone for antibiotics.”

The ARPA-H funding will enable Phare Bio and the Collins Lab to:

  • Generate millions of new training data points across key drug development parameters (e.g., toxicology, drug metabolism, formulation) to enable more clinical precision in AI-based drug discovery efforts
  • Share their expertly curated datasets in the first open-source database for AI-based antibiotic discovery, galvanizing the next generation of antibiotics researchers
  • Leverage their data to incorporate up to 10 new “filters” into Phare Bio’s generative AI drug discovery engine to produce novel and targeted antibiotics against specific bacterial disease indications (e.g., drug-resistant urinary tract infections, pneumonia, sepsis)
  • Advance 15 novel AI-generated preclinical antibiotic candidates to help replenish the global pipeline of urgently needed antimicrobials

Dr. Kosaraju added, “Our ability to use generative AI has unlocked new drug design capabilities that were previously unimaginable in our industry. By progressing from pathogen targeting to indication targeting, we are launching the next generation of AI for antibiotics and bringing patient needs right to the forefront of drug discovery.”

About AMR
Antimicrobial resistance (AMR) is one of the greatest existential threats facing humanity. In 2019, nearly 1.3 million people died from resistant infections. By 2050, the death toll of AMR is expected to reach 10 million annually, surpassing cancer as a leading cause of death. For most of the 20th century, as resistance to specific antibiotics grew, physicians could rely on the discovery and development of new antibiotics to replace them. Now, however, challenging market conditions and limited investment have led to a decades-long discovery drought and a dwindling antibiotics pipeline.

About Phare Bio
Phare Bio is a social venture using artificial intelligence (AI) to develop novel classes of antibiotics in partnership with Jim Collins’ lab at MIT and Harvard’s Wyss Institute. Founded in 2020 to address a looming crisis in antibiotic resistance, Phare Bio is a recipient of the Audacious Project, a collaborative funding initiative between TED and other nonprofits to unlock social impact on a grand scale. Combining best-in-class machine learning, bioengineering, and pharmaceutical development, Phare advances antibiotics against high-priority pathogens through the “valley of death” — the stage in early development when most drugs fail — with donor and grant funding. The company then takes on more costly clinical development with strategic commercial partnerships and company spinouts. This model enables Phare to build a sustainable clinical path and ensure that these therapies reach the patients in greatest need. To learn more about Phare Bio, please visit www.pharebio.org or email info@pharebio.org.

Contacts

Media inquiries:
Mary Conway
+1 516-606-6545
MConway@MKCStrategies.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Boston, Business Wire, Massachusetts, Phare Bio, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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