CAMBRIDGE, Mass., March 23, 2021 -- XtalPi, an artificial intelligence (AI) drug discovery and development company, is pleased to announce its investment in the Series B financing of PhoreMost, a UK-based biopharmaceutical company dedicated to ‘Drugging the Undruggable®’ disease targets. The investment round totaled $46 million and was led by BGF, with participation from XtalPi and a panel of new and existing investors. XtalPi Chief Strategy Officer (CSO) Dr. Alan Jiang will join PhoreMost’s Board of Directors.

XtalPi and Singleron will simultaneously conduct target validation and drug discovery, pursuing multiple promising targets and research paths in parallel.

Led by SoftBank Vision Fund, PICC Capital, and Morningside

XtalPi and PhoreMost sign drug discovery collaboration to discover novel inhibitors of "undruggable" targets

Combining AI Algorithms with Targeted Experiments to Solve Bottleneck Challenges in Drug Development

XtalPi team shares the timeline and preliminary results on their research of the new coronavirus.

XtalPi named as one of World's Top 20 AI Drug Development Companies

to support XtalPi’s continuous market growth and expand the application of its technology into new areas of pharmaceutical research.

Case study on how XtalPi is helping pfizer scientists predict and optimize the crystalline forms of drug candidates.

to Develop Artificial Intelligence-Powered Molecular Modeling Technology for Drug Discovery

To date, XtalPi has raised over 20 million USD, making it one of the top-funded AI-powered biotechs.

This collaboration serves to explore and showcase how XtalPi’s algorithm-based solution could accelerate the drug solid-form screening and designing process.