Panacea-ml
Explainable-AI Platform to Streamline Clinical Trial Design
Startup Pre-Seed Health Tech & Life Sciences Est. 2022
Total Raised
Undisclosed
Pre-Seed
Last Round
Undisclosed
1 rounds
Investors
2
2 public
Team
5
1-10 employees
Confidence
100/100
News
6
articles
About
Spun out of Ben Gurion University, Panacea-ml is disrupting clinical development with its “Explainable AI” platform. We tackle the main causes of trial failures: patient population heterogeneity, poor trial design, and the limits of biostatistics. Together these problems are responsible for more than 85% of trial failures not related to drugs' mechanism of action, resulting in $70 billion annual waste and declining pharma R&D ROI. Panacea-ml's solution enables faster market access for new therapies with actionable predictive insights empowering clinical development and data science teams to de-risk, accelerate, and optimize trial designs. Our cutting-edge SaaS platform driven by our proprietary explainable AI is designed to redefine clinical development as our technology uncovers causal relationships between clinical markers, disease progression, and drug responses. Unlike traditional AI black-box models, Panacea-ml leverages causal discovery theory with its proprietary graphical models to not only predict clinical trials outcomes by to provide transparent, clinically-relevant insights into the ‘why’ behind the outcomes. This unique approach enhances predictive accuracy and enables actionable insights, improving trial success rates and R&D teams’ productivity. We validated our explainable-AI across 8 trials in areas like Diabetes, ALS, rare diseases, and oncology, where we enabled a 30% reduction in participants without compromising statistical power and a 60% increase in patient retention. Our platform also rescued a development program in diabetes after a failed Phase 3 trial. We target the $6B Data Analytics and Design segment of the $50B clinical trial market, focusing on high-failure areas like neurology and immuno-metabolic diseases. Panacea-ml aims to improve patients’ clinical outcomes, enhance their quality of life and accelerate access to life-treating therapies by redefining clinical development and empower pharma with advanced AI-analytic tools.
Classification
Sector
Health Tech & Life SciencesPharma & Medical BiotechnologyDrugs Discovery & Development
Core Technology
Platforms & InterfacesAPISoftwareArtificial IntelligenceMachine Learning
Target Customer
Healthcare & Life SciencesLife SciencesBiotechnologyPharmaceuticalsHealthcareInsurance CompaniesProviders
Business Model
B2B
Tags
root-cause-analysisdegenerative-diseasesautoimmune-diseasessaaspredictive-analyticsdigital-healthcareartificial-intelligencehealthcarebiopharmaceuticaldecision-supportpharma-companiesclinical-trialsmachine-learningrare-diseasesdigital-twinoncologydrug-developmentdata-analyticsneurologymetabolic-diseaseclinical-data
Funding & Events
Nov 2022
Pre-Seed Undisclosed
Sanara Ventures (Lead), Israel Innovation Authority
News (6)
Jul 10, 2024 · www.einpresswire.com
growth-positive
PharmStars Announces the First Startup from Israel to Graduate from its Accelerator Program: Panacea-ml
Partners
Jul 2, 2024 · www.einpresswire.com
growth-positive
PharmStars Announces Spring 2024 Graduates: 10 Digital Health Startups Complete PharmStars’ Pharma-focused Accelerator
CustomersPartnersExpand
May 27, 2024 · www.mako.co.il
growth-positive
The program that will help startups in the medical field to save lives
InvestmentPartners
Apr 30, 2024 · www.calcalistech.com
growth-positive
10 startups complete first cohort of SHAAR- Shaare Zedek - Arieli Healthcare innovation hub | CTech
InvestmentPartners
Nov 16, 2022 · www.calcalistech.com
growth-positive
Sanara Ventures adds two medtech startups to tech incubator | CTech
PartnersInvestment
Oct 21, 2020 · www.prnewswire.com
growth-positive
Ben-Gurion University Researchers Develop Machine Learning Platform to Streamline Clinical Trials
PartnersInvestment
Details
Product Stage
Beta
Employees
1-10
Exact Count
4
District
Center District
Founded
2022
Registrar
516664000
Locations
Zarhin St 13, Ra'anana, Israel
Links
Website
LinkedIn
Admin
Last Update
Dec 22, 2024
Verified by
Yotam Maman
Claimed
Yes
Missing
video or image, markets
Team (5)
Raphael Giami
CEO
Prof. Boaz Lerner
Founder & CSO
Founder
Shay Chaim
VP R&D
Roy Wolf
Data Scientist & Algorithm Developer
Anat Ohar
Marketing & OPS Lead
Internal
Created by
Shani Lachmanovich (shanilachmanovich@gmail.com)
Created
2020-10-06T00:00:00.000Z
Last editor
Yanina Wainscheinker (yanina.wainscheinker@sncentral.org)