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ProMIS Neurosciences and collaborative team receive Supercluster Award supporting avoidance of future pandemics by new strains of the COVID-19 virus | ||
By: GlobeNewswire - 28 May 2020 | Back to overview list |
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Award joins leaders in artificial intelligence, computer modelling and structural biology to guide new tests, therapies and vaccines for anticipated virus mutations TORONTO and CAMBRIDGE, Mass., May 28, 2020 (GLOBE NEWSWIRE) -- ProMIS Neurosciences, Inc. (TSX: PMN) (OTCQB: ARFXF), a company with unique core technology to predict novel targets on the molecular surface of complex proteins, together with a team of commercial and academic collaborators, have received a Digital Technology Supercluster award from the Government of Canada for 1.8 million Canadian dollars. The project, “Predicting the evolution of COVID-19,” brings together six commercial and academic collaborators to predict likely mutations of SARS-CoV-2, the virus responsible for COVID-19. The findings will inform the early design of effective tests, therapies and vaccines, allowing public health systems globally to prepare and ideally prevent future pandemics caused by evolving strains of the virus. It is expected biologically that new strains of the virus causing COVID-19 will emerge, requiring new approaches, just as annual changes in circulating strains of influenza virus require new vaccines every year. The supercluster project, led by Terramera and including D-Wave, Menten AI, Microsoft Corp., ProMIS Neurosciences and the University of British Columbia, will predict likely mutations by combining world-class expertise in artificial intelligence, computer modelling and structural biology. ProMIS will contribute its novel technology platform, which can rapidly identify unique sites, called peptide antigens, displayed on complex protein structures, including the spike protein halo surrounding SARS-CoV-2. The data provided by the Award team will inform the design of new diagnostic and antibody tests, treatment and vaccines. The opportunity for early intelligence and planning can accelerate overall response time to the virus, improve the effectiveness of this response and potentially prevent future pandemic situations resulting from variant strains of the virus. “We’re grateful to be a part of such an accomplished team engaged in an endeavor intended to preserve human health as the novel coronavirus changes over time,” said Dr. Elliot Goldstein, president and CEO of ProMIS Neurosciences. “We thank the Government of Canada for its vision, support and commitment to innovation. We’re confident that our platform, which has created a broad portfolio of intellectual property supporting specifically tailored antibody drugs, diagnostic tools and potential vaccines, is ideally suited to support the supercluster project and help public health leaders in Canada and elsewhere prepare and ideally prevent future pandemics caused by new strains of SARS-CoV-2.” To learn more about this technology platform, please consult a recent Chairman’s Update at www.promisneurosciences.com, which is accompanied by an audio description. To learn more about the search for therapies for Alzheimer’s, Parkinson’s and other neurodegenerative diseases, listen to Saving Minds at iTunes or Spotify. The Digital Technology Supercluster announced its latest round of funded projects on May 26, 2020. To learn more about its growing suite of projects offering solutions to urgent health care needs across Canada arising from COVID-19, please visit www.digitalsupercluster.ca About ProMIS Neurosciences Visit us at www.promisneurosciences.com, follow us on Twitter and LinkedIn About Digital Technology Supercluster About the COVID-19 Program For media inquiries, please contact: For Investor Relations please contact: For Digital Technology Supercluster related media inquiries, please contact: The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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Copyright 2020 GlobeNewswire | Back to overview list |