Press Release
Press Release
The computational biology industry is driven by the rising demand from the bioinformatics sector. Computation tools in bioinformatics can bolster the understanding of human genomes and drug discovery processes. The computational biology tools are gaining traction in the drug discovery process, as they help reduce time and improve efficacy of this complex, time consuming, and costly process.
In August 2021, Certara, Inc. (NASDAQ: CERT) acquired Pinnacle 21 for $310 million in cash and stock. The acquisition is likely to establish Certara, Inc. as a central participant in the data standardisation process across the entire drug development life cycle. In May 2021, Certara, Inc. announced the launch of its secondary intelligence software. The software has the ability to predict the risk of adverse effects and safety issues derived from secondary pharmacology that might hinder the clinical development of a drug.
In terms of region, North America is anticipated to account for a significant share in the market, owing to the growing R&D activities in the field of biology systems, coupled with the rising expenditure towards the drug discovery process. The market in the region will further be aided by the growing application of the computational biology tools in various commercial and third-party services. In the United States of America and Canada, the growing focus on efficient database management offered by the computational biology is likely to provide impetus to the global computational biology industry.
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The major players in the global computational biology market are Chemical Computing Group ULC, Dassault Systèmes S.E., Certara, Inc., Leadscope Inc., Compugen Ltd., and Genedata AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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