March 7, 2002
President and CEO
Helping Researchers Build Smarter Queries
What is the history of your organization’s involvement in life sciences?
Ray: X-Mine was formed several years ago and has been working toward the release of its product suite for more than 18 months. X-Mine has focused solely on the life sciences because of the market’s significant and urgent need for analytic and knowledge discovery tools in the genomics, proteomics, clinical development, and other biological informatics markets.
What is your vision for the development of the life sciences market?
Ray: On the development front, X-Mine is focusing on three areas: the migration of analytic tools to emerging discovery platforms, the deepening of content in expression array analysis and proximal vertical markets, and the refinement of knowledge discovery tools. My personal motivations include a desire to effect a significant impact upon drug development cost and speed. At a time when drug development is increasing in cost, we are in a unique position to impact major diseases sooner and to impact the cost and time factors directly, bringing effective, targeted drugs to market faster.
What organizational assets have you developed to serve this community?
Ray: We have recruited talent from a variety of industries and disciplines in order to effectively address the merger of informatics and biological R&D. Our staff comes from business and R&D positions in biotechnology and pharmaceutical companies, software product development, statistics and machine learning, IT, physics and other areas important to effective product development and customer support. We have also recruited an SAB with board members from leading universities, including Stanford, Columbia, and MIT, which are recognized leaders in genomics and biostatistical analysis and development of novel methodologies for biological data analysis.
What products and services does your company provide to the life sciences market?
Ray: We currently offer two major product lines: X-Miner, which is an analytics suite containing supervised learning tools available only from X-Mine; and X-Reporter, a knowledge discovery suite that incorporates novel methods based on human cognitive processes, for discovering direct and indirect relationships in scientific literature and other data sources.
We are distinguished by a number of supervised learning tools, which allow the researcher to pose very specific questions when analyzing large and complex data sets, with rigorous statistical validations. Clustering-related algorithms are used as inputs to these more advanced tools. X-Mine offers these tools and expert analysis as contract services, where desired.
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