In conjunction with Abu Dhabi Global Healthcare Week
2024
ABU
DHABI, UAE, May 17, 2024
/PRNewswire/ -- J.P. Morgan Life Sciences Private Capital, Blue
Horizon Advisors and United Al Saqer Group announced today
Rayees Rahman of Harmonic Discovery
as the winner of the inaugural J.P. Morgan Asset Management: Life
Sciences Innovation Summit. Harmonic Discovery is a precision
pharmacology company applying its generative chemistry platform to
advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on
May 14-15, 2024 at Cleveland Clinic
Abu Dhabi and showcased the 11 innovative finalists, as well as
highlighted existing innovators and opportunities in the Emirate of
Abu Dhabi. The event also featured keynote speeches from Dr.
Laurie Glimcher of Dana-Farber
Cancer Institute, Dr. Shahrukh
Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia
University Medical Center and provided attendees networking
opportunities to gain valuable insights into the future of life
sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as
honourable mention. Algen Biotechnologies is a platform
therapeutics and drug discovery company using world-leading CRISPR
and AI to find treatments for cancer, inflammation and metabolic
diseases.
The winners were selected by an esteemed, international panel of
judges, which included:
Laurie Glimcher, MD, President and
CEO at Dana-Farber Cancer Institute
Jorge Guzman, MD, CEO at Cleveland
Clinic Abu Dhabi
Prof. Shahrukh Khurshid Hashmi, MD,
Director of Research, Department of Health, Abu Dhabi
Yasmine Hayek Kobeissi, PhD, CQF,
BSc., Executive Director at Blue Horizon Advisors
Anya Schiess, Managing Partner at
J.P. Morgan Life Sciences Private Capital
Walid Zaher, PhD, Co-Founder and
CEO, Carexso
Dr. Asma Al Mannaei, Executive
Director of the Research and Innovation Centre at the Department of
Health – Abu Dhabi said:
"Under the directives of the UAE's wise leadership, and renowned
for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of
healthcare excellence, offering an unparalleled opportunity for
advancement in healthcare for global partners. It was our utmost
pleasure hosting the J.P. Morgan Asset Management Life Sciences
Innovation Summit 2024 on the sidelines of Abu Dhabi Global
Healthcare Week and we commend the winners for their pioneering
efforts in driving impactful advancements in healthcare; their
dedication to innovation not only transforms the landscape of
medicine, but also holds the promise of improving lives
worldwide."
Stephen Squinto, PhD, Chief Investment Officer,
J.P. Morgan Life Sciences Private Capital said: "We are
thrilled with the level of biotech passion and innovation that we
observed at this year's Summit in Abu
Dhabi. The energy was truly palpable we are thrilled to
announce Rayees Rahman as the winner
of our first Life Sciences Innovation Summit. Harmonic Discovery's
approach embodies the next generation of drug discovery and
development. We appreciate the time and effort of all participants
and cannot wait for our next event in the region."
Nabil Kobeissi, Chief
Executive Officer of Blue Horizon Advisors, said: "As the main
sponsor, we are committed to nurturing and fostering the growth of
all 11 finalists in this vibrant biotech ecosystem. This Summit
marks the beginning of a transformative journey, and we are
confident that it will pave the way for a flourishing hub in the
region. We are also pleased to announce that we will commit to
invest in and partner with the winner, Harmonic Discovery, to
support its future growth in the region."
Sponsors for the event included J.P. Morgan Life Sciences
Private Capital, J.P. Morgan Commercial Bank, Blue Horizon
Advisors, United Al Saqer Group, Thermo Fisher Scientific, and
Salam Capital. The Summit organisation, logistics and finalist
recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of
Sustainable Development at Masdar City, announced that Masdar City
Free Zone would award all 11 Finalists complimentary business
licenses to further support their establishment in the region.
Masdar City is one of the world's most sustainable urban
developments and innovation hubs with a growing focus on life
science entrepreneurship in Abu
Dhabi.
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SOURCE The Department of Health - Abu
Dhabi