Parexel, Partex Agree to Drug Discovery and Development Partnership
Collaboration to pair artificial intelligence proficiencies with clinical research expertise.
Parexel, a contract research organization (CRO), and Partex, a data-to-drugs pharma platform, have inked a deal aiming to leverage artificial intelligence (AI)-powered solutions to accelerate drug discovery and development for biopharmaceutical customers worldwide and de-risk the assets in their portfolios. Under the partnership, Partex’s clinical trial execution will be ran by Parexel as the preferred CRO provider. The organizations will also work together to improve customer clinical trial execution through the Partex-validated AI platform.
"One of the biggest and most complex challenges in drug development is anticipating the investigational therapies that will be safe and effective treatment options,” said Jamie Macdonald, CEO, Parexel, in a company press release. “Our innovative alliance with Partex helps to address this challenge by bringing to the forefront those assets with the strongest probability of clinical success, in turn enabling customers to focus their time and resources where it is most beneficial to patients.”
Reference: Parexel and Partex Announce Innovative Alliance Leveraging Artificial Intelligence and Big Data to Accelerate Drug Discovery and Development. Parexel. August 15, 2023. Accessed September 5, 2023. https://newsroom.parexel.com/news-releases/news-release-details/parexel-and-partex-announce-innovative-alliance-leveraging?utm_campaign=PostBeyond&utm_source=LinkedIn&utm_medium=449887&utm_term=Parexel+and+Partex+Announce+Innovative+Alliance+Leveraging+Artificial+Intelligence+and+Big+Data+to+Accelerate+Drug+Discovery+and+Development+%7C+Parexel+International+Corporation
Driving Diversity with the Integrated Research Model
October 16th 2024Ashley Moultrie, CCRP, senior director, DEI & community engagement, Javara discusses current trends and challenges with achieving greater diversity in clinical trials, how integrated research organizations are bringing care directly to patients, and more.
AI in Clinical Trials: A Long, But Promising Road Ahead
May 29th 2024Stephen Pyke, chief clinical data and digital officer, Parexel, discusses how AI can be used in clinical trials to streamline operational processes, the importance of collaboration and data sharing in advancing the use of technology, and more.
The Rise of Predictive Engagement Tools in Clinical Trials
November 22nd 2024Patient attrition can be a significant barrier to the success of a randomized controlled trial (RCT). Today, with the help of AI-powered predictive engagement tools, clinical study managers are finding ways to proactively reduce attrition rates in RCTs, and increase the effectiveness of their trial. In this guide, we look at the role AI-powered patient engagement tools play in clinical research, from the problems they’re being used to solve to the areas and indications in which they’re being deployed.
