BioSystemix: The case for data expertise

When Molecular Mining Corp. was founded in 1999, it was hardly alone in the bioinformatics space. But as with most of these first generation companies, it found there wasn't a big enough client base to support its ambitions to generate and license IP around its data mining algorithms. A new incarnation of the idea, BioSystemix Inc., is simply providing software and hopes to add biomarkers and predictive models to its offerings.

BioSystemix co-founders Larry Greller and Roland Somogyi came from Molecular Mining, itself a spinout of Queen's University's Parteq Innovations technology transfer branch. Molecular Mining had 40-50 employees and a three-pronged Business: software development, data mining services and algorithm IP development...