SciSparc Ltd. launches a quantum computing initiative to enhance 3D protein modeling for drug discovery and structural biology.
Quiver AI Summary
SciSparc Ltd., a clinical-stage pharmaceutical company in Israel, announced plans to launch an initiative focused on advancing 3D protein modeling using quantum computing technology. This initiative aims to enhance drug discovery by providing greater accuracy in predicting protein structures and their interactions with ligands, which is vital for developing effective treatments for diseases. By leveraging quantum computing, SciSparc seeks to simulate protein dynamics more precisely than traditional computing methods. The company will establish a dedicated research team and collaborate with experts in the fields of quantum computing and structural biology to create new intellectual property. The initiative will particularly target drug discovery for neurological and rare diseases, aligning with SciSparc's existing expertise.
Potential Positives
- The launch of an innovative initiative to advance 3D protein modeling using quantum computing technology positions SciSparc at the forefront of drug discovery, potentially transforming the field.
- The Initiative aims to develop quantum-enabled tools that could achieve unprecedented accuracy in predicting protein structures and interactions, enhancing the company's drug development capabilities.
- Collaboration with leading experts in quantum computing and structural biology may strengthen SciSparc's research and innovation efforts, leading to the creation of valuable intellectual property.
- The formation of a wholly owned subsidiary to operate the Initiative demonstrates the company's commitment to expanding its technological capabilities and portfolio in the pharmaceutical industry.
Potential Negatives
- The initiative relies heavily on quantum computing technology, which is still in an experimental stage and may not deliver the anticipated results, potentially leading to significant resource expenditure with no return on investment.
- The press release includes multiple forward-looking statements, making it vulnerable to risks and uncertainties, which could result in the company failing to meet investor expectations.
- The company is directing efforts towards an innovative initiative while there is no information on the progress or success of its existing drug development programs, which raises concerns about the focus and effectiveness of its overall strategy.
FAQ
What is SciSparc's new Initiative about?
SciSparc's Initiative aims to advance 3D protein modeling using quantum computing for improved drug discovery and structural biology.
How will quantum computing benefit protein modeling?
Quantum computing can achieve higher accuracy in simulating protein dynamics and interactions compared to traditional computing methods.
What diseases will the Initiative target?
The Initiative will focus on drug discovery for neurological and rare diseases, areas where SciSparc has established expertise.
Who is involved in the Initiative?
SciSparc will collaborate with leading experts in quantum computing and structural biology to enhance its 3D protein modeling capabilities.
What type of company is SciSparc Ltd.?
SciSparc Ltd. is a specialty clinical-stage pharmaceutical company focused on developing cannabinoid-based therapies for various conditions.
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 8 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
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 32,300 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $9,373
- 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
- JPMORGAN CHASE & CO removed 468 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $135
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Full Release
TEL AVIV, Israel, Sept. 25, 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, today announced that 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
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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 is 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 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:
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