LabskinAI creates virtual AI psoriasis skin model
AIM share code: SKIN
7 October 2019
("Integumen" or "Company")
LabskinAI team create a virtual AI psoriasis skin model
Integumen announces that at the AI Awards 2019 event, in Dublin, the LabskinAI combined teams of microbiology and computer science disclosed the completion of an artificially intelligent, virtual psoriasis skin model.
Utilising 671 anonymised patients, samples were taken directly from the Psoriasis lesion and other sites on the patients with psoriasis with a goal to produce an AI generalised solution for diseased skin. Following genomic sequencing of the samples, the resulting datasets identified 216 species of microbiota (bacteria, virus and fungi). These were confirmed using a number of different AI algorithms.
Following the testing of various types, a reliable psoriasis model was identified and was confirmed through a cross-validation process. In total, 33 species were identified that are critical to the success of the Labskin AI diseased skin model for analysing psoriasis. The continued addition of patient data will further increase the accuracy of the psoriasis model. This AI dataset model can also be used to develop other diseased skin models such as atopic dermatitis, rosacea and acne.
Substantial development cost and time saving
Studies estimate that Psoriasis affects up to 4.8 % of global population[i]. The economic burden of this disease in the health care system is significant. In 2008, the annual cost of psoriasis in the USA was estimated at $11.25 Billion[ii]. On the other hand, the burden of atopic dermatitis in the USA was $5.297 in 2015, with a of 10.7% of children and 7.2% of adults affected[iii]. In Europe the number of children showing symptoms of atopic dermatitis oscillate between 10 % and 20%[iv].
The cost of new topical drugs is costly and it can take 10 to 15 years at a cost of £2 billion per new drug[v] and has a failure rate of 95%[vi]. LabskinAI is ethical, as there is no requirement to set up expensive pre-clinical animal trials. Pharmaceutical companies can undertake topical treatment and skin care product tests in weeks with the LabskinAI diseased skin models that mimic the human skin, in the laboratory.
Gerard Brandon - CEO of Integumen plc, comments:
"Integumen is at the forefront of AI development for the skin care industry. AI diseased skin models are the new frontier and are a disruptive platform for new drug discovery. This has the ability to transform the research and development of diseased skin treatments, making them a lot less expensive and bring products to the market faster. This is why large skin care companies are signing up to use LabskinAI, as reported in the RNS issued earlier today"
Gerard Brandon, CEO
+44 (0) 7340 055 648
SPARK Advisory Partners Limited
Neil Baldwin/Andrew Emmott
+44 (0) 113 370 8974
Turner Pope Investments (TPI) Limited (Broker)
Andy Thacker/Zoe Alexander
+44 (0) 20 3657 0050
Integumen is a vertically integrated product and services company for skin related diseases, treatments and therapies with three business units:
· Labskin AI's technology platform incorporates artificial intelligence within clinical research for medical device, pharmaceuticals, cosmeceuticals and related life science test services. Labskin allows skincare, healthcare, pharmaceutical manufacturers and cosmetic companies to test their products on human-like skin in a real-world environment with full access to multiple state-of-the-art partner technologies.
· Wound pHase is developing skin and wound care products using its proprietary wound dressing technology. Working in collaboration with CBD providers creating a CBD infused diabetic wound care product range.
· Stoer-for-men skin products e-commerce division offers a range of skincare products derived from 5 natural super-ingredient plant extracts specifically for men to reduce the signs of ageing and is also used as a control for client testing within Labskin laboratories.
The Company combines data analytics with access to therapeutic operational expertise and offers solutions to our clients, from regulatory approvals, right through to marketing fully tested ingredients that have been certified on our Laboratory grown living human tissue.
[ii] WHO Library Cataloguing-in-Publication DataGlobal report on psoriasis.1.Psoriasis - epidemiology. 2.Psoriasis - prevention and control. 3.Public Health. 4.Skin Diseases. I.World Health Organization.ISBN 978 92 4 156518
[iii] Drucker AM, Wang AR, Li WQ, Sevetson E, Block JK, Qureshi AA.The Burden of Atopic Dermatitis: Summary of a Report for the National Eczema Association. J Invest Dermatol. 2017 Jan;137(1):26-30. doi: 10.1016/j.jid.2016.07.012. Epub 2016 Sep 8.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.