C4X Discovery acquires more drug discovery technology from insolvent MolPlex
British company C4X Discovery (AIM: C4XD) has acquired a suite of advanced drug-discovery technologies from MolPlex under an insolvency agreement, it has been announced.
The new assets, which comprise a pioneering software-based system that combines state-of-the-art chemoinformatics, computational chemistry and artificial intelligence, will complement C4X’s existing platform, helping it to capitalize on the identification of high-value targets and generate drug candidates with greater clinical and commercial differentiation.
The MolPlex Technologies were originally developed at Newcastle University and have three aspects:
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