Hoth Therapeutics (NASDAQ: HOTH), a biopharmaceutical company, recently announced that the company is using an AI-powered platform developed by Lantern Pharma (NASDAQ: LTRN), a clinical-stage biotech company and pharma, to streamline and improve the drug development process (https://ibn.fm/VIL67).
The platform, called PredictBBB.ai(TM), is a next-gen AI tool that was designed to help determine whether a drug candidate is able to cross the blood-brain barrier. This is a common bottleneck in drug development, and Lantern Pharma’s platform offers 94% accuracy in predicting whether or not different compounds are able to permeate the blood-brain barrier.
With the help of this cutting-edge platform, Hoth Therapeutics can use AI-powered insights to lessen uncertainty, reduce risk, boost precision, speed up timelines, and improve candidate selection.
The PredictBBB.ai tool is a part of a larger platform being developed by Lantern Pharma, called RADR®, which stands for Response Algorithm for Drug Positioning & Rescue. The platform is used to predict the responses patients may have to different drugs, and also to help in the process of developing target compounds to fight against cancer.
Leadership at both Lantern Pharma and Hoth Therapeutics are enthusiastic about the partnership, and what it means for cancer patients.
Lantern Pharma CEO Panna Sharma said “At Lantern Pharma, we’re very enthused by the early adoption of our PredictBBB.ai platform by innovators like Hoth Therapeutics. This online service, which is a part of our RADR platform, has the potential to be a game-changer in CNS drug development. This cutting-edge AI tool, with its 94% accuracy in predicting blood-brain barrier permeability, is empowering researchers to make faster, smarter decisions, accelerating the path to life-changing therapies for patients worldwide.”
Echoing this excitement, Hoth Therapeutics CEO Robb Knie added that “Our integration of Lantern’s PredictBBB.ai tool aligns with our mission to deliver life-changing therapies while driving efficiency, reducing costs, and unlocking new opportunities for patients and shareholders alike.”
About Lantern Pharma Inc. (NASDAQ: LTRN)
Lantern Pharma Inc. is an oncology-focused, clinical stage pharma that’s concentrating on artificial intelligence, genomics, and machine learning. Applying and expanding cutting-edge AI technology, the company has the mission of delivering precision oncology therapies with reduced costs and timelines.
For more information, visit the company’s website at www.LanternPharma.com.
NOTE TO INVESTORS: The latest news and updates relating to LTRN are available in the company’s newsroom at https://ibn.fm/LTRN
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