Q&A: AION Labs’ new startup aims to streamline the drug discovery process

OMEC.AI aims to build a next-generation computational platform that can both identify hidden safety liabilities and lack of efficacy for drug candidates, and suggest experiments to close the identified gaps. In addition to funding, support and mentorship, AION Labs and its pharma partners will provide OMEC.AI with pharmaceutical data for model training and advanced machine learning development. In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the AION token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. World Fintech Show, a global fintech series managed by Trescon offered Saudi Arabia’s fintech industry a platform for significant advancement. The event witnessed the launch of Fintactics Studio and its commitment to shape the future of fintech in the Kingdom of Saudi Arabia.

OMEC.AI aims to create an automated solution that employs all preclinical data in a way that allows a reliable assessment of the clinical trial readiness of a drug candidate. In 2020, I was looking for a new challenge, and Aion Bank was entering the Belgian market with an entirely new banking concept – fully end-to-end digital, powered by the latest in cloud technology. I was drawn to the company’s mission to offer a better way of banking to people, and its technology is at the forefront of the industry. Looking back, I really didn’t do any career planning, but I followed my gut, and, if a train passed that I found interesting, I jumped on it. OMEC.AI is addressing how we take the process of deciding which drug candidate should go into clinical trials, which is probably the most pivotal decision in the pharmaceutical R&D process.

CEO

Aion was founded by Harry Reinstein, Larry Cohn, Garry Hallee, Scott Grinis, and others. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities.

However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again. Whether you should invest in AION is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose, because prices will go down as well as up.

• I held several different positions from test engineer to head of card marketing at Integri and Clear2Pay, then, at Belgian payment leader Bancontact, I was Chief Operations Officer, then was promoted to Chief Commercial Officer before being named CEO in January 2017.
• The cryptocurrency did see another resurgence in April as its mainnet launched.
• Businesses today require a fully digital onboarding experience to lead customers through their onboarding process as business resilience requirements and consumer expectations have grown.
• Both companies will be able to jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.
• However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
• You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.

In Aion’s version of the concierge approach, artificial intelligence enables the company to customize its services. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk. You can still benefit if the market moves in your favour, or make a loss if it moves against you.

AION in Morgenbladet

World Fintech Show played host to the announcement and commencement of numerous partnerships. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Secondly, we seek the best scientists and founders to be able to address that challenge with a very lengthy and strenuous in-depth evaluation process. MobiHealthNews to discuss OMEC.AI, how the startup came about, and the data it will use within its AI computations to meet its intended results.

Its AION coin price prediction suggested it could have achieved $1.32 in 2030. DigitalCoinPrice said AION could have averaged at $0.05 this year and $0.14 in 2025. Its AION price prediction for 2030 gave a maximum price of $0.30. At the time of writing, on 17 October, it was trading at $0.051, up 42% in the previous seven days.

Haug Khoury said the partnership demonstrates Aion’s capacity for aiding the larger seafood industry in taking better accountability for the plastics generated during their operations. Founded in 2021, Aion is owned by Aker BioMarine and has attracted investment from Ocean 14 Capital. Through cooperation with the relevant regulatory bodies in the Kingdom, CMA & SAMA, Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show. Businesses today require a fully digital onboarding experience to lead customers through their onboarding process as business resilience requirements and consumer expectations have grown.

Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is https://www.beaxy.com/ no guarantee of future returns. Both companies will be able to jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.

Ideally, customers make Aion their primary bank, but, Sobieraj said, they can still get a lot out of it even if they don’t. If one of the parameters is better refinance options, for example, then the service alerts them when a better rate is available. Or if the service learns data on the customer is being trafficked on the dark web , it lets them know.

The new company will develop AI-powered solutions to analyze pre-clinical data and identify gaps in efficacy and safety to improve the probability of success of drug candidates in clinical trials. FinTech Magazine and its entire portfolio is now an established and trusted voice on all things FinTech, engaging with a highly targeted audience of 113,000 global executives. We provide key industry players with the perfect platform to showcase their brands, develop content syndication plans, webinars, white papers, demand generation as well as a global set of events (In-Person & Virtual). If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research.

It lets developers and investors transfer assets between blockchains with ease. AION also enables the execution of smart contracts and data transfers on other blockchains, including Ethereum . Matthew Spoke was the CEO of OAN, before moving on to found his new company, Moves, which offers financial support to gig workers. Ian Chan was the chief operating officer for the network and left in 2020 to join Spoke at Moves. Gustafsson said his company will continue to work to establish recycling value chains to ensure plastic waste is minimized across its operations.

World Fintech Show, which was held at the InterContinental in Riyadh, aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future. AION will become the leading circularity player within robust plastic fractions with a scalable and technology-agnostic business model, Circularity as a Service. We provide flexible and traceable end-to-end services in the field of circularity on plastics with a documented sustainability effect for our customers.

Wojciech Sobieraj, head of Brussels-based digital bank Aion, thinks global uncertainties stand to increase the attractiveness of his company’s subscription-based XRP model because of its concierge focus. Our circular-minded team covers a wide array of disciplines and all act as change-makers within their field from supply chain management to design and technology development. CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount.

Founded and launched in late 2021, AION Labs forms its startups through a unique innovation model powered by BioMed X, identifying great industry R&D challenges and carrying out a global talent search for scientist founders. It then invites selected groups of scientists and computational biologists to collaborate to solve the specific research and design challenge, before selecting a founding team and setting them up for success. “With the support of AION Labs and its partners, we hope to develop a cutting-edge solution to significantly improve the probability of success of drug candidates that make it to the clinical trial phase.” What sets us apart in BaaS is our combination of banking expertise and innovative technology. We offer one of the most comprehensive Retail and SME banking platforms powered via hundreds of open APIs.

They’re committed to doing that, and they want to do that to help them develop their technology. But they don’t want to share with each other, and they’re not allowed to share with each other, aion ceo because that would be anticompetitive by definition. So, we’re creating a platform to enable them to be able to share that data in a federated manner in accordance with all best practices.

• And create an AI-based platform that would be able to test the drug and tell you what its chances of success are during the clinical trial phases before it goes into humans?
• FinTech Magazine and its entire portfolio is now an established and trusted voice on all things FinTech, engaging with a highly targeted audience of 113,000 global executives.
• In its last quarterly update, at the end of 2020, Spoke discussed the competitive blockchain industry and admitted OAN struggled with adoption.
• After a difficult four years, AION, the token of Open Application Network , is showing signs of recovery, with its price rallying by 42%, along with surges in its network activity.
• Gustafsson said his company will continue to work to establish recycling value chains to ensure plastic waste is minimized across its operations.
• Founded and launched in late 2021, AION Labs forms its startups through a unique innovation model powered by BioMed X, identifying great industry R&D challenges and carrying out a global talent search for scientist founders.

Ever since we started working together we have been looking for a systemic way to address poverty, fair finance, transformative power of the internet and empowerment. We deliver smart integration solutions to address the modern business challenges such as System Integration costs, Go to Market speed and IT risks. So, they came to us with a technological approach of being able to create a platform that can integrate the data, and in a very ambitious manner that there’s going to be high risk, but also high reward. And our partners love their approach – the R&D partners met with them. Third, we set them up as a new startup company with funding, then systematically mentor them for success and support them by giving them the data and everything else necessary for them to be successful. The first pillar is always starting with a big challenge that, if it was solved, would be truly impactful for patients and, of course, a very strong viable company addressing an industry-needed opportunity.

Aion Sigma’s mission is to enable equal opportunity for everyone. Aion Sigma’s solutions focus on economic empowerment via digital and financial inclusion. Our solutions include programs for women entrepreneurs and SMEs to lease affordable smartphones and be rewarded with a credit history. Our Smartphones4good won Digital Finance – support for digitally excluded challenge of EUvsVirus – hackathon by the EU commission. We are also proud supporters of Oxygen2050, a movement for society and planet positive ventures, and Financial Inclusion Summit, an international gathering of stakeholders from governments and the public sector, financial institutions and fintech innovators. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

The latest news in digital health delivered daily to your inbox. The joint action from the nation’s largest banks follows the collapse of Silicon Valley Bank and Signature Bank, events that have shaken the banking industry and sowed fears of contagion. “In the situation that someone would like to keep the money with someone else and use us as a secondary bank, that’s OK with us,” he said. “I don’t see any big obstacle there. The prime source of our income is monthly membership — and the value is there for consumers whether we are their main checking account, or for savings or for a combination of our services.” To be sure, it will be mainly higher-income people who can best leverage these kinds of opportunities, so the service is targeted to affluent working professionals and upper-middle-income families.

The big challenge was building a new brand in the middle of a pandemic and lockdown. Across the past two years, our business has grown and evolved, but the core of what we want to achieve has not changed – we want to democratise better banking for people, making it more accessible and fully digital. To accelerate the adoption of Distributed Ledger Technologies in financial and non-financial verticals in the Kingdom, Fintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering “Blockchain as a Service” to offer tokenization of illiquid assets. AION is an impact company with ambitious growth targets within circular volumes and CO2 abatement in our customers’ value chains. In this way, AION will contribute to slim the total amounts of plastics whilst at the same time creating value for our customers and owners.

AION is a sustainable business model innovation that grew out of Aker BioMarine’s ESG ambitions on circularity for plastic waste streams. Through AION, Aker BioMarine connects its solid industrial experience and financial capacity with ambitious innovation into the circular economy of plastics. To this date, there currently isn’t a technology that can do what they’re trying to do. Can we really create an AI platform with the data accessible to them to be able to ultimately test every type of drug before it goes into clinical trials? To be able to tell pharma, investors or whoever would be a user whether or not this drug candidate has a high probability of success or a high probability of toxicity?