Merck Selects Perceiv AI for Inaugural Digital Sciences Studio Cohort
January 17, 2023 | Boston, USA | Press release
Joining the cohort in Cambridge, MA, Perceiv AI will receive direct funding and mentorship from Merck, Northpond Ventures, and McKesson Ventures to advance its prognostic platform focused on multimodal data in neurodegenerative diseases.
Perceiv AI announced that the company has been selected by Merck (NYSE: MRK) for the inaugural Merck Digital Sciences Studio (MDSS) cohort, along with eight other early-stage biomedical startups from a pool of 152 applicants. The program started in November to fuel innovative digital technologies for drug discovery and development.
"Being selected for the Merck MDSS program is a major accomplishment for Perceiv AI and a testament to the hard work and dedication of our team. This partnership is a huge step forward for us and we are grateful for this opportunity," said CEO and co-founder Dr. Christian Dansereau. "We are excited to work alongside such a renowned and respected company in the healthcare and life sciences industry and to use our cutting-edge AI technology to make a real impact in the field to advance pharma R&D innovation for clinical development, patient identification, clinical trial optimization, and trial de-risking."
MDSS is a collaboration between Merck and the New Jersey Innovation Institute, with investments from the Merck Global Health Innovation Fund, Northpond Ventures, and McKesson Ventures. The accelerator provides direct investment from Merck, access to powerful Azure Cloud computing, and technology support provided by Microsoft for Startups. Additionally, participating companies are provided opportunities to collaborate with discovery and clinical scientists at Merck for pilots, where appropriate.
Perceiv AI intends to expand upon its proprietary multimodal prognostic platform ForesightTM through the program. The ForesightTM platform, which integrates longitudinal clinical data with imaging and genetics to forecast disease progression, supports the development of prognostic biomarkers for neurological diseases, including Alzheimer's disease, for clinical trials and clinical use.
Perceiv AI joins Andson Biotech, Deep Forest Sciences, Gesund.ai, Magna Labs, IndyGeneUS AI, SciMar ONE, Stem Pharm, and Pepper Bio in the 10-month accelerator program. The program will begin with the company's exploration of where its technology can augment Merck's existing focus areas with the goal of transitioning into a pilot project with Merck.
This announcement comes on the heels of Perceiv AI's closing of its financial round at the end of last year. Along with strategic partners and investors like the one in this program, Perceiv AI will be able to further develop its ForesightTM platform.
To learn more about Perceiv AI, please visit www.perceiv.ai.
About Perceiv AI
Perceiv AI is an AI-driven precision medicine company developing a powerful multimodal prognostic platform to forecast disease progression in age-related diseases like Alzheimer's. By providing a window into individual patients' disease progression, Perceiv AI aims to accelerate and de-risk the development of new therapies while enabling timelier diagnoses.
Merck, also known as MSD outside of the United States and Canada, strives to be the premier research-intensive biopharmaceutical company through a diverse and inclusive global workforce. For over 130 years, Merck has been using the power of leading-edge science to deliver innovative health solutions to save and improve the health and wellness of people and animals worldwide with important medicines and vaccines.
About New Jersey Innovation Institute
New Jersey Innovation Institute (NJII), a 501c3 subsidiary of NJIT, combines the resources of the university, strong industry and government relationships, and proven methods to drive innovation and deliver transformative products and services that make a direct impact on the economy and the health and welfare of its participants. To achieve this, NJII is organized into four divisions that help turn ideas into workable solutions: healthcare, entrepreneurship, defense and homeland security, and professional and corporate education. More at njii.com.
About Northpond Ventures
Northpond Ventures is a multi-billion-dollar science-driven venture capital firm based in Cambridge, MA; San Francisco, CA; and Bethesda, MD. Northpond has consistently been named one of the most active lead life science investors by both Crunchbase and Silicon Valley Bank. It is deeply engaged in the academic ecosystem, having founded The Laboratory for Bioengineering Research and Innovation at Harvard's Wyss Institute; launched the MIT-Northpond Program - Advancing Life Science & Engineering Innovation; and sponsored a prize for women entrepreneurs at MIT. It has led or co-led over 60 financings over the past several years and sits on the board of the vast majority of these businesses. Learn more at npv.vc.