Mydecine Innovations Group Launches AI-Assisted Drug Discovery Program

Mydecine Innovations Group MYCO MYCOF, a biotech company in the psychedelics space, announced on Wednesday the launch of a virtual drug discovery program that will use artificial intelligence and machine learning to inform its drug discovery process.

“The in-silico program will enable the company to more rapidly screen hundreds of thousands of new molecules without the need to produce them,” said the company in a press release.

The program will be run in partnership with the University of Alberta.

By simulating chemical compounds in a computer interface, researchers can allocate their physical resources for more complex research, while leaving the AI to virtually produce and select new molecules worth researching in the lab.

“As the next evolution of drug discovery progresses forward, we strongly believe that this new age will be fully led by artificial intelligence and machine learning,” said Mydecine CEO Josh Bartch.

The program will be led by Dr. Khaled Barakat, a computer-aided drug development expert and assistant professor of pharmacy and pharmaceutical sciences at the University of Alberta.

Photo by L N on Unsplash

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisPenny StocksMarketsJosh Bartch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!