Persist AI Adopts Scispot to operate as a Digital Biotech company

[Kitchener-Waterloo, Date] - Scispot, the creator of the best tech stack for modern biotech, announces that Persist AI, an AI-driven biotech company specializing in the creation of long-acting microsphere formulations, has selected them to provide a robust digital infrastructure. This partnership aims to automate Persist AI's research workflows and scale its AI capabilities. Persist AI is currently utilizing Scispot as its primary data and workflow management platform, effectively gathering and integrating data from diverse sources, thereby optimizing its use in machine learning and artificial intelligence processes.

Persist AI is committed to slashing drug formulation development time by around 50% to just 2 years through the power of AI-driven automation. Traditional methods would typically see pharmaceutical companies investing approximately five years to develop long-lasting drug formulations. However, with Persist AI's integration of advanced AI automation, the process is accelerated, targeting a 50% reduction in overall development time. Using Scispot's flexible platform, Persist AI is geared towards designing packages for subcutaneous injections that allow for slow drug release over prolonged periods. The AI models, trained using patterns extrapolated from a range of experiments, predict drug release rates and enhance formulation efficiency. This game-changing approach is set to revolutionize patient experience and adherence to treatments.

“As an AI-focused biotech company, digitizing and automating our processes from the get-go has been an imperative. Scispot has been instrumental in establishing the right digital foundation to achieve this objective," stated Karthik Raman, Founder & CEO of Persist AI. "Scispot organizes not just experimental, but also organizational data, optimizing resource utilization. With the aid of Scispot's robust data management system, we have been able to locate lab materials, monitor storage locations, streamline our overall operations, and unlock the full potential of our data.”

“We at Scispot feel a deep synergy with Persist AI's objective, which resonates with our mission of reducing the time it takes to bring new drugs to market," stated Guru Singh, Founder & CEO of Scispot. "We strive to empower modern biotech companies with our advanced data infrastructure, supporting their transformation into full-fledged TechBio entities. Persist AI epitomizes this transformation, and we are thrilled to support their commitment to delivering life-saving solutions more rapidly to the marketplace.”

Persist AI's digital transformation journey with Scispot has yielded substantial enhancements in their research and development processes. Formerly dependent on Excel and Google Sheets, Persist AI required a solution capable of efficiently accommodating their growing demands, all while preserving comprehensive versioning and data integrity. Scispot's extensive capabilities have established a centralized hub, negating the necessity to manage numerous Excel sheets and facilitating smooth permissions for team members. The implementation of Scispot has led to improved organization, streamlined procedures, and automated data management.

As the digital era evolves, Scispot has secured its position as the tech stack of choice for modern biotech companies, particularly those focusing on machine learning and artificial intelligence. With its API-friendly electronic lab notebook (ELN) and lab information management system (LIMS), Scispot expertly marshals all R&D data. This strategic approach paves the way for smooth integration with advanced machine learning and AI, enabling companies to expedite their path to groundbreaking innovations.

ABOUT SCISPOT
Scispot is a Y Combinator-backed life science informatics company based in the Kitchener-Waterloo and Seattle area. Scispot has created the best tech stack to help modern biotechs evolve into efficient, scalable TechBio companies. Scispot’s toolkit makes biotech R&D templatizable and programmable, enabling companies to automate lab management, centralize data, establish repeatable workflows, and comply with regulatory guidelines. To learn more, please visit www.scispot.com.

ABOUT PERSIST AI
Persist AI is a pioneering biotech company using artificial intelligence and machine learning to drastically expedite the development of long-acting, extended-release drug formulations. With a commitment to reducing traditional development time by approximately 50%, Persist AI equips pharmaceutical manufacturers with optimized drug loading, morphology, and distribution, delivering solutions in weeks instead of years. Persist AI's innovative approach is revolutionizing the treatment of chronic conditions such as cancer and diabetes by significantly accelerating the drug formulation process. To learn more, please visit www.persist-ai.com