ImmunoPrecise Antibodies And InterSystems Partner To Leverage AI In Life Sciences, Transforming Patient Care With Accelerated Discovery And Delivery Of Treatments

VICTORIA, BC / ACCESSWIRE/ April 12, 2024 / InterSystems, a creative data technology provider dedicated to helping customers solve their most critical scalability, interoperability and speed challenges partnered with ImmunoPrecise Antibodies (NASDAQ:IPA) ("IPA"), an artificial intelligence-driven biotherapeutic research and technology company in what they stated is a landmark collaboration.

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Between June 2022 and March 2023, the keyword "AI" experienced a huge jump in interest. In June 2022 it had a monthly traffic volume of around 7.9 million on search engines like Google, and by March 2023, it had tripled to more than 30.4 million. AI has become a major area of interest for both everyday people and industries that aim to integrate it into their ecosystems. The healthcare industry has been especially eager to find ways to adopt AI to increase efficiencies and drive scientific evolution.

In 2023, the AI in healthcare market was worth $19.68 billion, and it is predicted to increase at a CAGR of 37.57% to reach $183.56 billion by 2030. AI has real promise in this field as its algorithms can process and analyze vast amounts of medical data, such as genetic information and DNA markers. With this technology, healthcare professionals can make more accurate and tailored treatment decisions based on an individual's unique needs, improving overall patient outcomes. AI-powered systems can detect patterns, predict possible health issues and provide real-time monitoring - enabling early intervention and preventive measures.

ImmunoPrecise Antibodies is one of the healthcare companies where AI is a cornerstone of the business. It is a leading Contract Research Organization (CRO) in the biopharmaceutical industry, recognized for its expertise and track record. With over a decade of experience, IPA offers a diverse range of specialized services - including antibody discovery and development - utilizing various cutting-edge techniques and models. The company boasts a significant portfolio of successful projects, having completed 135 memory B cell programs since 2019. In the realm of AI, the company has developed the LENS^{ai TM} integrated intelligence platform powered by HYFT technology. This patented solution offers unprecedented data integration and fusion capabilities, allowing for seamless integration through one AI framework.