Accelerating a process that can cost in excess of £1bn, BenevolentAI’s deep learning platform analyses datasets to identify new drugs. It has launched 24 drug candidates since starting in 2013, and last year signed an £800m licensing deal with a subsidiary of Johnson & Johnson to develop a new treatment for Alzheimer’s. BenevolentAI has raised $87m to date, from investors including Woodford Investment Management and American and Danish pharmaceutical firms. It is valued at a reported $1.7bn, and sales of £2.6m in 2016 are set to rise to £7.5m this year. Founder and director Ken Mulvany, 49, previously led the $553m sale of drug discovery firm Proximagen to US drug maker Upsher-Smith in 2012.
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