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PatSnap introduces sequence searching with launch of PatSnap Bio

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PatSnap, the world’s leading provider of research and development (R&D) analytics, has today announced the launch of PatSnap Bio, a new module to the PatSnap platform that enables organisations working within the Pharmaceutical, Biotechnology and Agricultural industries to search through over 300 million DNA, RNA and protein sequences, which are linked to patents and correlated with PatSnap’s wider innovation dataset.

Having recently secured series D investment of US$38 million led by Sequoia, PatSnap is now turning its established expertise in machine learning and artificial intelligence to help pharmaceutical and biotechnology researchers map the innovation process for developing biotech innovations from investment to commercialisation.

The newly launched PatSnap Bio provides users with capabilities including:

  • Comprehensive sequence data: Curated database of over 300 million sequences
  • Global patent coverage: 130 million patents covered within the PatSnap platform
  • High-throughput searching: Batch search 200 candidate sequences at a time
  • Search precision: Refine searches by adding keywords or industrial applications
  • Directly analyse the patent text: Search for sequences and read the patents in a single platform
  • Targeted Freedom-to-Operate (FTO) searching: Refine by sequence similarity and legal status

PatSnap, which has over 8,000 clients globally, has brought together the world’s most comprehensive R&D dataset. By combining millions of data points from patents, licensing, litigation, chemicals, company information, non-patent literature and now biological sequences, PatSnap provides the world’s most innovative organisations with a new, intuitive source of information to accelerate their R&D. The launch of PatSnap Bio will enable its users to improve the accuracy and efficiency of their scientific research, and make better-informed decisions when investing to bring new products to market.

According to a recent McKinsey report, the Biopharmaceutical industry generated global revenues of US$163 billion in 2017, making up around 20% of the pharmaceutical market, making it the fastest growing sector of the pharmaceutical industry. This rapid increase in market share has been clearly reflected in innovation and patent literature, with Biotech patent filings growing by 25% annually. On top of this, the Biotech industry is highly litigious – 11% of all Intellectual Property (IP) litigation takes place in this industry, where median infringement damages are around US$21.5 million – while median damages for all industries is at US$5.9 million.

Biologics in particular represent 40% of American spending on drugs, despite only being used by less than 2% of the population, and improved competition has been proposed as in order to bring down costs to consumers. As a result of this combined with the fact that the biologics industry is comprised mainly of large organisations, the United States Food and Drug Administration (FDA) has recently introduced new legislation that will encourage greater competition, named the Biosimilars Action Plan. The plan proposes changes to legislation that will provide significant opportunities to smaller organisations and start-ups looking to grow within the biologics industry.

Markus Haense, CTO at PatSnap, said that “Our clients are at the forefront of innovation, and the ability to leverage machine-learning to search through hundreds of millions of innovation-related data points can significantly reduce the amount of time, effort and money they spend on research and take a new product from idea to commercialisation in a significantly reduced time-frame.”

He continued: “When time-to-market can make the difference between success and failure for a company, using technology to automate the most resource-intensive parts of the research process can greatly improve their efficiency and accuracy. PatSnap Bio makes it easy to search protein, DNA and RNA sequences within patents. The platform has been built for ease-of-use, fitting intuitively into the workflow of our users, as we help pinpoint sequences within the existing patent landscape that are similar to theirs. Data is king, and we have used cutting-edge AI to identify sequences within the patent sequence listings and finally make them fully searchable.”

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Seoul to host “Seoul Global Challenge 2021” to seek for innovative solutions to improve air quality in Seoul subway; finally selected teams to receive a cash prize of 690 mil. won

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– The Challenge 2021 consists of the technology competition and the academic paper competition to find “Innovative Technology to Improve the Air Quality in the Seoul Subway”

– Any company, university, and research institute from around the world can submit their ideas

– Seoul will accept the application from Oct. 14 for the next three month at its website(http://seoulglobalchallenge.sba.kr/en/) and do screening and offer assignments for eleven months

– The awarding ceremony will take place in December 2021

SEOUL, South Korea, Oct. 20, 2020 /PRNewswire/ — The Seoul Metropolitan Government said it will host the "Seoul Global Challenge 2021," an international R&D competition that will take place over the next 11 months. The Challenge will invite global companies, universities, and research institutes to seek for innovative solutions to urban problems Seoul is currently facing.

Seoul Global Challenge 2021
Seoul Global Challenge 2021

The "Seoul Global Challenge 2020" was held from August 2019 to February 2020. The Challenge 2020 brought together 106 companies from the world, including the United States, France, Japan, Canada, Finland, United Kingdom, and the Netherlands. Ten finalists’ solutions were installed in the Seoul Subway to test their effectiveness in reducing fine dust levels.

This year, the subject of the Challenge 2021 is "Innovative Technology to Improve the Air Quality in the Seoul Subway." Through the technology competition and the academic paper competition, a total of 25 teams will be selected, and they will receive a cash prize of 690 million won (approximately US$ 600,000).

Any company, university, and research institute with interest may submit their ideas by the end of this coming December. Around ten teams qualified at a preliminary round will be granted a total of 800 million won (approximately US$ 695,000) for the prototype development for up to six months. The amount will be provided differently, depending on the technology. Additionally, expert mentoring services and the space for making trial products will be offered upon request.

The competition technologies are about the reduction of particles that occur from typical wear-in; the improvement of fine dust removal performance; the improvement of measurement technology; and integrated management of air quality in the subway station. Up to 200 million won (US$ 174,500) in prize money will be given to the finally selected team that will pass the performance evaluation.

Those interested in the academic paper competition can fill out the application form and submit it with the paper proposal by the end of November. Seoul will do a preliminary screening in December to select those who will go through the paper evaluation. Those who pass the preliminary screening may submit their paper by September 2021.

The three themes of the academic paper competition are the interrelationship between the outside atmosphere and the subway air quality; the reduction of indoor fine dust in the subway; and the reduction of viruses in the subway. Only papers that have never been published before can be accepted. Up to 10 million won (approximately US$ 8,700) will be given as a cash prize to the finalists.

Kim Eui-Seung, Deputy Mayor for Economic Policy, said, "I hope that the Seoul Global Challenge 2021 will serve as an opportunity to gather the capabilities of talents from around the world and leap forward in related innovative technologies and research levels."

More information about the Challenge — from how to participate in it to detailed evaluation methods — is available in Korean and in English on the website: http://seoulglobalchallenge.sba.kr/en/

SBA Seoul Global Challenge Media Team
+82-2-2222-3726
[email protected]
http://seoulglobalchallenge.sba.kr/en/

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Xinhua Silk Road: 137 projects with investment of RMB91.15 bln contracted in east China’s Jiangyin

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BEIJING, Oct. 20, 2020 /PRNewswire/ — 137 projects involving a total investment of 91.15 billion yuan were signed at the Jiangyin Symposium on Economic and Trade Cooperation held on last Friday in Jiangyin city, east China’s Jiangsu province.

Of the total projects, 15 were foreign-invested ones with a total investment of 3.52 billion yuan.

In terms of investment fields, 111 were manufacturing projects with a total investment of 64.02 billion yuan, covering such fields as new energy, new materials, and auto parts. The remaining 26 projects with a total investment of 27.13 billion yuan were service projects related to intelligent warehousing, transportation and logistics, biomedicine, cross-border e-commerce and other areas.

Nearly 500 businessmen from more than ten countries and regions including Italy, the U.K., Japan, the Republic of Korea (ROK) and Israel attended the Jiangyin Symposium on Economic and Trade Cooperation.

During the event, three major projects, namely the e-commerce industrial park of Jiangyin, foreign trade and live-streaming sales promotion festival, as well as China-ROK cross-border e-commerce project, were also launched.

Jiangyin has been ranked first in the list of China’s top 100 counties (cities) in terms of industrial strength for three consecutive years, with its high-end textile and clothing, special steel, high-end equipment manufacturing, special vessels and marine equipment leading the country.

In 2019, Jiangyin became the first county-level city in China with total economic volume exceeding 400 billion yuan.

In recent years, Jiangyin has been taking steps to open wider to the world. It has set up trade ties with nearly 200 countries and regions, and gathered over 3,300 foreign-funded enterprises of various types. A batch of the world’s top 500 enterprises such as CITIC Group, Mitsubishi Group and Doosan has made investment in Jiangyin.

Original link: https://en.imsilkroad.com/p/316914.html

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Finalist Teams Announced for 2020 Asia Super Team: Reach for the Stars

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Ngan hang TMCP Ban Viet to compete for USD$50,000 prize package

TAIPEI, Oct. 20, 2020 /PRNewswire/ — Asia Super Team is here again. 2020 is the seventh consecutive year the "Taiwanese government" has hosted the international competition together with "Taiwan External Trade Development Council", "TAITRA". This year, the theme is Reach for the Stars, with four-member corporate finalist teams — from Japan, Vietnam, Indonesia, Malaysia, South Korea, Singapore, Thailand, and the Philippines — who have qualified to participate in the November finals competition.

The eight teams are already preparing for the challenge to earn the Asia Super Team title. Due to COVID-19, this will be the first time the competition will be held completely online, so teams can experience Taiwan from the comfort and safety of their own environments. The champion team will win an incentive travel package to Taiwan for their company valued at US$50,000.

Be sure to follow the latest news and developments on the official MEET TAIWAN fan page. Plus enter a lucky draw for one roundtrip ticket to Taiwan by casting a vote. To support the Ngan hang TMCP Ban Viet team from Vietnam, log on to the official website during November 9-15 to cast a vote. Don’t miss out.

  • Event Duration: 18:00 November 9 to 23:59 November 15 (GMT +8)
  • Official Voting Website: asiasuperteam.meettaiwan.com
  • MEET TAIWAN Official Fan Page: www.facebook.com/meettaiwan

There were more than a thousand of applications for the Asia Super Team competition from businesspeople in Vietnam. Congratulations to Ngan hang TMCP Ban Viet for advancing to the second stage finals.

Asia Super Team Finalists:

  • JTB GMT (Japan): With 508 offices in 39 countries, they are a popular travel agency in Japan, promoting and facilitating overseas travelers.
  • NG Bio Co., Ltd. (Korea): A cosmetic manufacturer from Korea, providing popular products such as Pacomeri hand sanitizers throughout Asia.
  • Social Collider (Singapore): A leading co-work space rental company in Singapore, providing space, facilities, and other rental services to social enterprises in Singapore.
  • Balance Gaming Network (Thailand): A leading e-sports company in Thailand, building an e-sports network throughout America, Europe, Australia and South Eastern Asia.
  • St Nivel Tour Sdn Bhd (Malaysia): The leading travel agency in Malaysia, Perak, providing travel assistance to companies and individuals.
  • Teleperformance Philippines (the Philippines): The largest outsourced omnichannel customer experience management company in the Philippines, with more than 30,000 workstations in a variety of businesses.
  • Telkom Indonesia (Indonesia): The biggest telecom company in Indonesia, providing internet, digital communication services, and more.
  • Ngan hang TMCP Ban Viet (Vietnam): One of the leading banks in Vietnam, with 27 years of operation.

For more Asia Super Team information, please check asiasuperteam.meettaiwan.com

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