Market News

Key Development

Product innovations and continuous research in the field of drug discovery and scientific informatics is expected to facilitate growth of the market. For instance, in August 2019, Certara announced the launch of the 19.6 version of the company’s scientific informatics platform for drug discovery and development, D360. The platform is designed in such a way that it allows a scientific researcher to access, share, and understand data quickly.

Increasing adoption of drug discovery platforms by biotech companies to better manage projects is likely to drive growth of the drug discovery informatics market. In August 2019, Voronoi, a drug discovery and development biotech company based in South Korea announced that they had selected CDD Vault, a hosted platform for managing chemistry and biology data, to manage the company’s collaborative projects and drug discovery data.

Market players are also engaged in technological innovations in order to refine their services and product portfolio. For instance, in August 2019, Exscientia, a U.K. based start-up, developed a drug-discovery system that uses AI algorithms to find new candidate molecules for medicines.

Furthermore, strategic collaborations and partnerships between market players to expand their product portfolio are expected to drive the market growth. In August 2019, Sophia Genetics and ADC Therapeutics partnered to identify genomic markers associated with clinical response to an experimental lymphoma treatment. Under the agreement, Sophia's informatics platform will match genomic markers with clinical response to the treatment.