SciSparc Ltd. announces a new initiative using quantum computing for advanced 3D protein modeling to enhance drug discovery.
Quiver AI Summary
SciSparc Ltd., a clinical-stage pharmaceutical company focused on central nervous system disorders, has announced the launch of a new initiative aimed at advancing 3D protein modeling using quantum computing technology. This initiative, approved by the board on September 16, 2025, seeks to revolutionize drug discovery by enhancing the accuracy of predicting protein structures and their interactions with drugs. By leveraging quantum computing, which can handle the dynamic nature of proteins more effectively than traditional methods, SciSparc intends to create new tools for drug development, particularly targeting neurological and rare diseases. The company plans to establish a dedicated research team and collaborate with experts in the fields of quantum computing and structural biology to develop this technology and generate intellectual property through a new wholly owned subsidiary in Israel.
Potential Positives
- SciSparc is launching an innovative initiative to advance 3D protein modeling using quantum computing technology, positioning itself at the forefront of drug discovery advancements.
- The new Initiative aims to achieve unprecedented accuracy in predicting protein structures and interactions, which could lead to breakthroughs in structural biology and personalized medicine.
- SciSparc plans to form a dedicated research team and collaborate with leading experts, enhancing its scientific expertise and potential for intellectual property creation.
- The focus on neurological and rare diseases aligns with SciSparc's existing expertise, potentially accelerating drug development in areas where the company has a strong foothold.
Potential Negatives
- The press release heavily relies on forward-looking statements, which may create investor skepticism regarding the feasibility and timeline of the proposed initiatives.
- There is no mention of funding or resources allocated to this significant new initiative, which raises questions about the company’s capability to execute it.
- The announcement of a new subsidiary to handle the Initiative may suggest a diversion of focus from existing projects, potentially delaying ongoing drug development programs.
FAQ
What is SciSparc's new Initiative?
SciSparc's Initiative aims to enhance 3D protein modeling using quantum computing to improve drug discovery accuracy and efficiency.
How does quantum computing improve protein modeling?
Quantum computing offers greater precision in simulating protein dynamics and interactions compared to traditional computing methods.
What diseases will the Initiative focus on?
The Initiative targets neurological and rare diseases, leveraging SciSparc's existing expertise in these areas.
Will SciSparc collaborate with other experts?
Yes, SciSparc will work with leading experts in quantum computing and structural biology to develop quantum-enabled tools.
What subsidiary will operate the Initiative?
SciSparc plans to incorporate a new wholly owned Israeli subsidiary dedicated to advancing the Initiative's goals.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPRC Hedge Fund Activity
We have seen 3 institutional investors add shares of $SPRC stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA SECURITIES, LLC removed 67,431 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $20,971
- JANE STREET GROUP, LLC removed 14,178 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,409
- UBS GROUP AG added 3,311 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,029
- RENAISSANCE TECHNOLOGIES LLC added 2,070 shares (+inf%) to their portfolio in Q2 2025, for an estimated $643
- BERNARD WEALTH MANAGEMENT CORP. removed 700 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $217
- SBI SECURITIES CO., LTD. removed 285 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $88
- BANK OF AMERICA CORP /DE/ added 42 shares (+inf%) to their portfolio in Q2 2025, for an estimated $274
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
TEL AVIV, Israel, Oct. 23, 2025 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) (the "Company" or "SciSparc"), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, recently announced that on September 16, 2025 the board of directors resolved to initiate the launch of an innovative initiative to advance 3D protein modeling using quantum computing technology (the “Initiative”). This new program aims to transform drug discovery by potentially achieving unprecedented accuracy in predicting protein structures and interactions with their ligands, potentially paving the way for breakthroughs in structural biology and personalized medicine.
Proteins are the building blocks of life and their function often depends on their unique 3D shapes. Knowing a protein’s 3D structure is critical for understanding how it interacts in the body, how to treat a related disease and how to design effective drugs using the highest possible level of accuracy. Traditionally, scientists use computers to predict these 3D structures, but this process is challenging because proteins are dynamic, constantly shifting between different conformations and classical computers often struggle to model these changes accurately.
SciSparc’s new Initiative aims to leverage quantum computing, a cutting-edge technology that uses principles of quantum mechanics to perform calculations far beyond the capabilities of traditional computers. Unlike classical computing methods, quantum computing might simulate the energy dynamics of proteins with greater precision, capturing their complex movements and interactions with their ligands in a much higher accuracy. This initiative focuses on developing quantum-enabled tools to:
- accurately predict how proteins fold into their 3D shapes;
- model how proteins interact with potential drugs (protein-ligand interactions); and
- accelerate the discovery of new drugs by providing highly precise predictions.
SciSparc will form a dedicated research team to integrate quantum computing algorithms into 3D protein modeling with the aim of creating new intellectual property. The Company will collaborate with leading experts in quantum computing and structural biology to build these capabilities. Initial efforts will focus on refining quantum algorithms to simulate protein dynamics and binding interactions, targeting applications in drug discovery for neurological and rare diseases, areas where SciSparc already has expertise. SciSparc expects to incorporate a new wholly owned Israeli subsidiary which will operate the Initiative.
About SciSparc Ltd. (Nasdaq: SPRC):
SciSparc Ltd. is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists. SciSparc’s focus is on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. With this focus, the Company, together with its majority owned subsidiary Neurothera Labs Inc., are currently engaged in the following drug development programs based on THC and/or non-psychoactive CBD: SCI-110 for the treatment of Tourette syndrome, for the treatment of Alzheimer's disease and agitation; and SCI- 210 for the treatment of ASD and status epilepticus. The Company, through Neurothera Labs Inc., also owns a controlling interest in a subsidiary whose business focuses on the sale of hemp seed oil-based products on the Amazon.com Marketplace.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, SciSparc is using forward-looking statements when it discusses: the successful launch of the Initiative, that the Company will form a dedicated research team to integrate quantum computing algorithms into 3D protein modeling; the potential benefits and advantages of the new Initiative regarding AI drug discovery; collaborating with leading experts in quantum computing and structural biology; the incorporation of a new subsidiary to operate the Initiative and that the Company’s initial efforts will focus on refining quantum algorithms to simulate protein dynamics and binding interactions.. Because such statements deal with future events and are based on SciSparc’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of SciSparc could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in SciSparc’s Annual Report on Form 20-F filed with the SEC on April 24, 2025, and in subsequent filings with the SEC. Except as otherwise required by law, SciSparc disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise.
Investor Contact:
[email protected]
Tel: +972 3-761-7108