Verge Genomics

Verge Genomics

Develops drugs using human genomics and AI

About

Verge Genomics develops drugs for severe diseases like ALS, Parkinson's Disease, and Frontotemporal Dementia using human genomics and machine learning. Instead of traditional animal models, they create a large database from human tissue to better understand disease causes. Their AI platform, CONVERGE®, helps analyze this data to identify potential drug candidates. Their first drug, VRG50635, is already in clinical trials for ALS, showcasing their ability to quickly transition from research to clinical application. Verge Genomics aims to provide effective treatments for patients and generate revenue through the commercialization of their drug candidates.

Company Stage

Series B

Employees

51-200

Industries

AI & Machine Learning, Biotechnology

Total Funding

$130.5M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • Verge Genomics' partnerships with industry giants like Alexion and AstraZeneca highlight its credibility and potential for impactful collaborations.
  • The initiation of the Phase 1b proof-of-concept study for VRG50635 demonstrates the company's progress and commitment to addressing severe diseases like ALS.
  • Collaborations with companies like Stem Pharm to develop disease models for Parkinson's disease indicate a broadening pipeline and diversified research focus.

What critics are saying

  • The reliance on AI and machine learning for drug discovery may face skepticism and slower adoption in the traditionally conservative pharmaceutical industry.
  • The competitive landscape in AI-driven drug discovery is intensifying, with numerous companies vying for market share.

What makes Verge Genomics unique

  • Verge Genomics leverages an all-in-human, AI-powered platform, CONVERGE®, to discover and develop drugs, bypassing traditional animal or cell models.
  • Their proprietary multi-omics database, built from human tissue, allows for more accurate mapping of disease causes compared to competitors.
  • The rapid transition of their drug VRG50635 from research to clinical trials in just four years showcases their platform's efficiency.

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Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-10%

2 year growth

17%

Benefits

Excellent medical, dental, and vision coverage

401(k) plan with employer matching for contributions

Disability insurance, Life insurance, Dependant Care FSA and Healthcare FSA

Unlimited paid time off

Paid parental leave

Access to free onsite fitness center

Free snacks and lunch for employees who work onsite

WFH stipend for employees who work remotely

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