Ministry of Science signs MoU with Peptris for collab in AI-based drug discovery and development
The Ministry of Science’s Technology Development Board (TDB) has signed an agreement with Bengaluru-based Peptris Technologies Pvt Ltd for financial support of Rs 86 crore to accelerate the development of next-generation therapies through Artificial Intelligence (AI), it said on Monday.
According to an official statement, the project called ‘VIGOR–Moving AI-Discovered Molecules from the Lab to the Clinic’ has a total cost of Rs 172 crore. The aim is to advance four experimental drugs to technology readiness levels (TRLs) 4 to 6, requiring preclinical development, validation, and preparation for clinical trials. Financial support will be provided through optionally convertible debt (OCD).
