Cancer is a critical global health issue, affecting millions of people worldwide and imposing a significant burden on healthcare systems. In 2022 alone, nearly 20 million new cancer cases were diagnosed, with 10 million lives lost to the disease¹. The global cancer burden is projected to rise significantly, with new cases expected to reach 35 million annually by 2050 if current trends continue, driven by population aging and growth. This growing challenge underscores the urgent need for innovative treatments. The collaboration between Orion and Aitia to discover and develop new cancer drugs aims to address this need.

Under the terms of the agreement, Orion and Aitia will work together to focus on translational questions to discover and validate novel drug targets, and to develop drug candidates across multiple oncologic indications through the utilisation of Aitia’s Digital Twins combined with Orion’s pre-clinical and clinical data and expertise. Orion will receive an exclusive option to research, develop, and commercialise products directed against specific novel drug targets identified by Aitia.

Also Read: Kovo HealthTech Partners with CareCloud for Electronic Health Records, Practice Management, and Credentialing Support 

In addition, Aitia is eligible to receive certain upfront payments, and development and regulatory milestone payments totalling to more than USD 10 million per drug target, as well as tiered single-digit royalties on sales of products covered by the agreement.

“We are excited to collaborate with Aitia to harness the power of their Gemini Digital Twins and Causal AI technology in the discovery and development of new cancer treatments. Working with them gives us an opportunity to push the boundaries of what’s possible. By leveraging their cutting-edge technology, we aim to unlock deeper insights into the complex biology of cancer, ultimately accelerating the development of novel therapies that could significantly improve patient outcomes,” said Outi Vaarala, Senior Vice President, Innovative Medicines and Research & Development at Orion.

“Our collaboration with Orion is particularly exciting as it brings together our Gemini Digital Twins which leverage large quantities of multi-omic patient data and causal AI and simulation with Orion’s deep expertise in oncology drug discovery and development. By creating highly accurate and predictive models of disease, we can uncover previously hidden mechanisms and pathways, accelerating the discovery of new, more effective medicines. This partnership represents a major step forward in our shared mission to bring innovative treatments to patients suffering from cancer,” said Colin Hill, CEO and co-founder of Aitia. “We are excited about what the future holds as we continue to push the boundaries of what’s possible in cancer research and treatment. This collaboration is another step forward, and we remain steadfast in our commitment to discovering and developing breakthrough therapies that can offer new hope to patients and their families.”

SOURCE: PRNewswire

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Anomalo also announced that it has achieved Snowflake Premier Partner Status. Anomalo first began working with Snowflake in 2022, expanded its monitoring support for the Snowflake AI Data Cloud in 2023 and is part of the Snowflake Horizon partner ecosystem.

With today’s announcement, customers are now able to deploy Anomalo for monitoring their tables right inside Snowflake with just a few clicks. Anomalo’s Snowflake Native App is another example of Anomalo’s commitment to being accessible and easy to use within enterprise customers’ stringent data management requirements.

Also Read: Liventus Acquires Sparkflow Data Analytics 

With a combination of user-specified parameters and AI-powered automated monitoring, Anomalo looks deep into data to understand patterns and alerts users to anomalous data. Proactive alerts and root cause analysis enable swift issues resolution, preventing bad data from impacting the business. Customers including, Block, Discover Financial and Included Health, securely use Anomalo, using a fully hosted, SOC 2–certified SaaS app, or directly within a virtual private cloud (VPC) where data never leaves the customer’s environment.

Unmesh Jagtap, Director of Product Management, Snowflake Native Apps, Snowflake, said: “Anomalo’s innovative approach to data quality perfectly complements Snowflake’s mission to enable every organization to be data-driven. The launch of Anomalo’s Snowflake Native App within the Marketplace underscores the strength of our collaboration and our shared commitment to providing customers with cutting-edge solutions that ensure the trustworthiness of their data, all within the secure environment of the Snowflake AI Data Cloud.”

Elliot Shmukler, co-founder and CEO of Anomalo, said: “We’re thrilled to bring the power of Anomalo directly into the ecosystem as a Snowflake Native App. We’ve built the Anomalo product from day one to offer an unprecedented level of privacy and security to our enterprise customers, by allowing them to monitor their data without it having to leave their secure enterprise cloud environment. This launch reflects our continued commitment to this approach, by allowing our Snowflake customers to monitor their data with Anomalo without any data leaving their Snowflake environment.”

SOURCE: GlobeNewswire

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In Hardware and Network news this week…

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Article of the Week

The post ITDigest’s Weekly News Roundup Featuring Juniper, Medicus IT, Nomis, IBM, Inseego, and more appeared first on ITDigest.

“AI-generated phishing and social engineering attacks targeting executives and high value employees has grown exponentially since the release of ChatGPT,” said Patrick Harr, CEO of SlashNext. “Our Executive Protection Service fights AI with AI and ensures organizations of any size can protect their most targeted individuals against advanced phishing, social engineering and cybercrime threats responsible for the vast majority of successful ransomware, financial fraud and data breaches.”

Also Read: 360 Advanced & Eden Data Unite for Cybersecurity Boost 

SlashNext’s Executive Protection Service offers unparalleled security for designated employees, including Board Directors, Executive Officers (e.g., Section 16 Officers defined in The Securities Exchange Act of 1934), Accounts Payable, HR, and other business leaders. The service provides complete protection against sophisticated attacks in:

• Email: Blocks executive impersonation attempts, account takeovers, supply chain attacks, business email compromise (BEC), and targeted spear-phishing campaigns designed to steal credentials and personal information or induce fraudulent wire transfers.
• Mobile Apps: Secures against SMS phishing (smishing) and mobile web phishing threats in text, WhatsApp, LinkedIn Messenger, Telegram, Outlook and more that highly-targeted individuals may encounter no matter their location. This service eliminates the risk of Executive Impersonation, Credential Phishing, Malware Exploits, Investment/Bitcoin/Financial Fraud, and more.
• Web-based Communication Apps: Blocks sophisticated phishing in browsers and collaboration platforms such as Teams, Slack, Zoom, SharePoint and others. Protects against emerging threats like Midnight Blizzard attacks and novel vectors targeting high-value individuals.

The Executive Protection Service integrates directly into corporate and personal email, messaging and communication apps used by executives and high value targets and is backed by a 100% guaranteed privacy policy ensuring that communication is strictly secure and private.

“With the launch of its Executive Protection Service, SlashNext is addressing a critical need in the cybersecurity landscape,” said Ken Buckler, Research Director, Security and Risk Management, at Enterprise Management Associates (EMA). “High-value employees are prime targets for cybercriminals, and this innovative solution offers them robust, multi-channel protection. Integrating email, mobile, and browser security as a service that is both simple and fast to deploy keeps organizations and their most valuable assets safe.”

SOURCE : PRNewswire

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With over 3 million hours of commercial banking application transformation experience, the Go-Live Faster approach combines Proprietary Accelerators, Actionable Insights, and Expert Knowledge to deliver hands on bank transformations. Exclusively serving 25+ financial institutions in North America, the GLF team of experts understands the banking business at a granular level, enabling tailored process engineering.

Kinetech is a leader in delivering composable digital solutions using the Mendix Low-code platform. Our expertise in digital transformation and composable application development enables banks to rapidly develop and deploy scalable applications that drive efficiency, reduce costs, and enhance customer experiences. Kinetech’s composable solutions are designed to fit the specific needs of the adopting organization, integrate seamlessly with existing systems, and provide a flexible approach to digital innovation.

Also Read: Kinective Receives Third Consecutive Stevie® Award for FinTech in American Business Awards, Continuing to Redefine Banking Innovation 

Together, Go-Live Faster and Kinetech offer an end-to-end solution that combines the power of composable solutions with deep financial industry knowledge.”We are thrilled to partner with Kinetech to bring innovative low-code solutions to the financial industry,” said Mukesh Mulchandani, CEO & Co-founder of Go-Live Faster. “This collaboration aligns with our commitment to delivering superior value to our clients through expertise and technological advancements.”

“This partnership with Go Live Faster combines our technology with their banking expertise. These services allows our clients to achieve their digital goals with unprecedented speed and shortened time to value. Together, we navigate the complexities of the financial landscape by cutting costs through automation and driving revenue with improved digital services.” Michael Guido, CEO – Kinetech

SOURCE: PRWeb

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The new solution reduces the complexity and errors often associated with current online payment processes by embedding Convera’s international tuition payment platform, GlobalPay for Students , directly into institutions’ websites and management systems. This eliminates multiple redirects and allows students and education agents to securely execute large international transfers through a single interface. This streamlining reduces confusion and allows both students and education agents to use a variety of payment methods, transparent pricing, and pay in local currency. It also removes intermediary bank fees, providing a better and more efficient user experience and ensuring that payments reach institutions in full and on time.

Also Read: Visa, Plug and Play Seek Cohort 2 for Fintech Accelerator 

Ascent One brings a frictionless payment experience to education agents by integrating Convera’s embedded payment solution. Education agents play a key role in guiding students’ university choices and future academic careers. Educational institutions are increasingly relying on education agents to meet their international student recruitment goals, making streamlining the process essential. Ascent One facilitates education agents’ ability to assist students in studying abroad around the world, especially in major countries. By partnering with Convera, Ascent One agents can seamlessly assist students in paying for tuition and education-related payments.

Naresh Gulati, CEO of Ascent One, said, “We are excited to partner with Comvera as our primary global payments partner. Leveraging Comvera’s embedded payments solution on our platform, we are now able to enable education agents across 167 countries to seamlessly manage every stage of a student’s academic journey in one place – from recruitment to enrollment to processing payments on behalf of the student. Comvera’s strong reputation and trust within the education industry, combined with their unmatched global reach, made them an easy choice for us to partner with. Their global financial network, knowledge of international payments, and robust compliance and security measures were the key reasons we chose Comvera.”

Julie Armstrong, vice president, general manager and global head of Industry Solutions & Partnerships at Convera, added, “Through our partnership with Ascent One, we are now able to offer education agents a solution with our new embedded payment solution, enabling institutions and agents to process student payments securely and efficiently. For many students and their families, paying tuition fees is one of the biggest transactions of their lives, and we want to ensure they can do so with confidence and security. Through our partnership with Ascent One, we not only simplify the payment process, but we also provide students with peace of mind knowing their payment will be received in full and on time by their institution, helping them focus on what matters most: their studies.”

Convera is trusted by over 1,000 educational institutions worldwide, including 8 of the top 10 globally ranked universities. Educational institutions choose Convera because of its customized solutions, support for 140+ global currencies, robust compliance, and student-centric approach. Convera helps educational institutions eliminate payment complexities, creating payment solutions that are easy for students and institutions to manage. Whether it’s reconciling student tuition payments, paying international employees, or issuing U.S. student loans, Convera gives educational institutions access to competitive exchange rates and advanced reporting tools to help them get more value from every transaction.

SOURCE: Businesswire

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