Standigm, Inc. Secures Strategic Investment from SK Chemicals Co.,Ltd. for Expanding its AI-Drug Development Capacity
July 02, 2021 at 08:00 am EDT
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Standigm Inc. and SK Chemicals Co. Ltd. (SK Chemicals) announced that they have signed a strategic partnership contract for collaboration regarding clinical development of Standigm’s AI-driven drug candidate for non-alcoholic steatohepatitis (“NASH”) and the foundation of Standigm’s Synthesis Research Center within the headquarters of SK Chemicals. This partnership was made in conjunction with SK Chemicals’ participation in Standigm’s pre-IPO round of fundraising. Under the contract, SK Chemicals will collaborate with Standigm on the clinical development of the NASH drug candidate discovered by Standigm Insight™, an AI-aided drug-repurposing platform, which is expected to enter clinical stage next year. Moreover, Standigm plans to open its Synthesis Research Center in the headquarters of SK Chemicals next month. Standigm will be able to synthesize its AI-driven drug candidates directly and efficiently. Non-alcoholic steatohepatitis (NASH) is a liver disease characterized by deposits, inflammation, and tissue damage. NASH is the more serious form of non-alcoholic fatty liver disease (NAFLD), which is the most common liver disease in Western industrialized nations. There is no approved treatment option for NASH globally, but clinical trials are currently underway to investigate new treatment options for NASH.
SK Chemicals Co Ltd is a Korea-based company mainly engaged in the production and sale of chemicals. The Company operates its business through two segments. The Green Chemical segment is engaged in the manufacture and sale of products such as bio copolyester resins, copolyester resins, polyethylene terephthalate (PET) resins, biodiesels, and bio heavy oil. The Life Sciences segment is engaged in the manufacture and sale of medicines, vaccines, and blood products. The Company sells products in domestic and overseas markets such as the United States, Europe, China, Japan, and Singapore.