Daily Newsletter

11 August 2023

Daily Newsletter

11 August 2023

Absci and Caltech receive grant to develop HIV therapeutic vaccine

The teams will focus on developing a novel HIV therapy that can offer protection against infection from all strains of the virus.

RanjithKumar Dharma August 11 2023

AbSci, in collaboration with California Institute of Technology (Caltech) researchers, has received a grant from the Bill & Melinda Gates Foundation to expedite the advancement of a cost-effective HIV therapeutic vaccine.

The grant assists Caltech and Absci in their combined effort to discover HIV therapeutic vaccines.

Under the guidance of Dr Pamela Bjorkman, the companies will integrate advanced research capabilities with expertise in synthetic biology, structural biology, immunology, protein design and generative artificial intelligence (AI).

Caltech Merkin Institute professor Dr Stephen Mayo stated: “We’re committed to making transformative contributions to society through research and innovation, and we are excited to partner with Absci, which has developed a powerful de novo AI antibody platform that is helping to unlock new therapeutic possibilities.”

The teams will focus on developing a new HIV therapy, which initially exposes and later attaches to a widely preserved epitope binding site on HIV-1.

It is expected to potentially help treat as well as offer protection against infection from all strains of the virus.

Absci founder and CEO Sean McClain stated: “At Absci, we are driven to transform lives through the power of generative AI and synthetic biology.

“By joining forces with Dr Pamela Bjorkman and Dr Stephen Mayo, and with support
from the Gates Foundation, we believe we can make significant strides towards developing affordable HIV therapeutic vaccinations and positively impacting global health.”

Healthcare companies are hesitant to invest in the metaverse

The COVID-19 pandemic pushed the healthcare industry to rapid digitalization. Increased use of telehealth, telepresence systems, remote diagnostics, predictive AI, and wearable technology is changing how healthcare is delivered and improving patient outcomes. Emerging technologies such as AR and VR are becoming increasingly routine for professional training, surgical assistance, and treatment of psychological and neurological disorders. In the pharma and medical devices industries, AR, VR, and AI are rapidly accelerating drug discovery and manufacturing and generating supply chain efficiencies. New digital opportunities will look to build upon disruptive technologies. However, affordability is a limiting factor to widespread adoption. Per GlobalData estimates, the metaverse market is expected to grow at a CAGR of more than 33% between 2023 and 2030. Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

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