عربي English Türkçe اردو فارسى
Logo
Latest News
Varieties

AstraZeneca Teams Up with AI Firm to Develop Cancer Drug

The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
TT
20
TT

AstraZeneca Teams Up with AI Firm to Develop Cancer Drug

The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)
The offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, England, on July 21, 2020. (Paul Ellis/AFP)

Anglo-Swedish drug maker AstraZeneca has signed a deal worth up to $247 million with US artificial intelligence (AI) biologics firm Absci to design an antibody to fight cancer, the Financial Times reported on Sunday.

The collaboration aims to harness Absci's AI technology for large-scale protein analysis to find a viable oncology therapy, a leading focus of AstraZeneca, the report said. It did not say what kind of cancer they plan to target.

Absci and AstraZeneca did not immediately respond to a Reuters requests for comment.

The deal includes an upfront fee for Absci, research and development funding and milestone payments, as well as royalties on any product sales, the newspaper said.

Sean McClain, Absci’s founder and chief executive, was quoted as saying the application of engineering principles to drug discovery improved the potential of success and reduced time spent in development.

Absci applies generative artificial intelligence to design optimal drug candidates based on target affinity, safety, manufacturability and other traits.

Most Viewed

 
Varieties

Haramain High-Speed Railway Sets Ramadan Record, Transporting 48,000 Passengers in a Single Day

The train continues to operate at full capacity, with the number of daily trips gradually increasing since the start of Ramadan, reaching 130 trips per day during the last 10 days of the month. (SPA)
The train continues to operate at full capacity, with the number of daily trips gradually increasing since the start of Ramadan, reaching 130 trips per day during the last 10 days of the month. (SPA)
TT
20
TT

Haramain High-Speed Railway Sets Ramadan Record, Transporting 48,000 Passengers in a Single Day

The train continues to operate at full capacity, with the number of daily trips gradually increasing since the start of Ramadan, reaching 130 trips per day during the last 10 days of the month. (SPA)
The train continues to operate at full capacity, with the number of daily trips gradually increasing since the start of Ramadan, reaching 130 trips per day during the last 10 days of the month. (SPA)

The Haramain High-Speed Railway set a record for the highest number of passengers transported in a single day since its inauguration in 2018, with around 48,000 passengers on the 15th day of Ramadan.

Since the beginning of the holy month, the average daily ridership has exceeded 39,000 passengers, reflecting the high demand for the train as the fastest means of reaching Makkah.

The train continues to operate at full capacity, with the number of daily trips gradually increasing since the start of Ramadan, reaching 130 trips per day during the last 10 days of the month.

To accommodate this significant demand, the Saudi Railway Company (SAR) has adjusted the train schedules to match peak times for Umrah performers, worshippers, and visitors.

Modifications have also been made to passenger flow routes within stations, and extra lounges have been provided at the Madinah station to facilitate smoother movement and enhance the travel experience.

The Haramain High-Speed Railway is one of the most prominent transportation projects serving worshippers year-round. It connects Makkah and Madinah, passing through Jeddah, King Abdulaziz International Airport, and King Abdullah Economic City. Operating on a 453-kilometer electric line, it ranks among the top 10 fastest trains in the world, with an operational speed of up to 300 km/h.

SAR announced its operational plan for Ramadan before the season began, which included providing 1.6 million seats across more than 3,400 trips on the Haramain High-Speed Railway.