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UK s BII Forms Commercial Arm, Signs First Deal

NEW YORK, May 17 (GenomeWeb News) - The Biosystems Informatics Institute, a UKbioinformatics research initiative, has formed a commercial trading arm that will "facilitate business development and marketing of software tools and fee-for-service offerings in bioinformatics and systems biology," BII said yesterday.

 

The announcement of the trading arm, called Turbinia, coincides with BII's first commercial deal, which sees it securing exclusive rights to distribute software developed at MoscowStateUniversityand "a number of other high-profile Russian institutes."

 

BII said that the technology can be used to dynamically model biochemical pathways and interpret drug effects by including both positive and negative feedback loops, inductive and deductive methods, and prediction of multiple independent outcomes in parallel.

 

BII did not provide a launch date for the commercial version of the software.

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