Insilico Medicine, a Baltimore-based bioinformatics company, has raised just under $10 million to advance its research and development, according to documents filed with the U.S. Securities and Exchange Commission.
Insilico uses genomics, big-data analysis and advanced algorithums to research and develop new drugs and to improve the drug discovery process. The company's work is focused on aging and age-related diseases.
Insilico declined to comment on the new funding because the round has not yet closed.
In June, Insilico partnered with Life Extension, a health and wellness company that makes nutritional supplements. Through the partnership, Insilico will use its advanced analytics techniques to help develop new formulas for supplements.
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