Perpetual Medicines secures $8m for peptide drug discovery platform
Perpetual Medicines, a frontrunner in computational peptide therapeutics, recently announced an impressive $8 million seed financing round, spearheaded by Chengwei Capital. This significant financial injection is set to bolster the company’s innovative platform for peptide drug discovery, marking a new chapter in the pharmaceutical industry.
Integrating AI and Computational Design in Drug Discovery
The core of Perpetual Medicines’ approach lies in its state-of-the-art computational design and synthesis platform. This platform leverages the latest in artificial intelligence, deep learning, and machine learning, unlocking access to a vast and previously untapped peptide chemical space. Dr. Kerry L. Blanchard, Co-founder, Chairman, and CEO of Perpetual Medicines, highlighted the potential of this technology to revolutionize peptide drug discovery by accelerating the process, reducing costs, and enhancing the quality of drug candidates.
Innovative Leap in Drug Discovery: Perpetual Medicines Raises $8 Million in Seed Financing
Strategic Appointments to Strengthen Leadership
In conjunction with the funding news, Perpetual Medicines also announced key appointments to its executive team. The team is led by Dr. Blanchard, with Dr. Ved Srivastava joining as Chief Technology Officer and Dr. Xiang Ye as Chief Scientific Officer. These appointments bring together a wealth of experience, adding substantial depth to the company’s strategic and scientific capabilities.
Peptide Therapeutics: A Growing Sector with Huge Potential
The peptide therapeutics sector is rapidly gaining momentum, with sales projections exceeding $140 billion per year by 2030. Dr. Blanchard emphasized the unique position of peptides in bridging the gap between small molecule drugs and therapeutic antibodies, noting their potential in targeting previously undruggable pathobiology.
Perpetual Medicines: A Fully Integrated Approach
Based in Shanghai, China, and Boston, Massachusetts, Perpetual Medicines aims to redefine peptide drug discovery. By combining advanced computational physics methods with next-generation AI technologies and synthetic chemistry, the company is positioned to address challenging targets in oncology, autoimmunity, and metabolic diseases.
A Team of Visionaries at the Helm
The senior management team at Perpetual Medicines is composed of seasoned professionals with a collective experience of over 120 years in drug discovery. This team, including Dr. Blanchard, Dr. Srivastava, and Dr. Ye, has been pivotal in the development of more than ten marketed peptide-based therapeutics, indicating a promising future for the company’s endeavors.