Veritas in Silico Signs Joint Drug Discovery Research
Agreement with Shionogi

Tokyo, Japan, November 25, 2021 –Veritas In Silico Inc. announced that it has entered into
the joint drug discovery research agreement with Shionogi & Co., Ltd. for the discovery ofinnovative small molecule drugs targeting messenger RNA (mRNA).
Veritas In Silico has a drug discovery platform, ibVIS, which enables the discovery of small
molecule drugs by targeting substructures on mRNA instead of conventional protein targets
and has been conducting drug discovery research in collaboration with pharmaceuticalcompanies since 2018. Shionogi, as a drug discovery-oriented pharmaceutical company, hasdeveloped its technologies on small molecule drug discovery, and aims to create innovative
new drugs to meet unmet medical needs by incorporating novel technologies. Veritas In
Silico's ibVIS platform meets Shionogi's drug discovery needs, leading to the conclusion of
the joint drug discovery research agreement.
Under the agreement, Shionogi and Veritas in Silico will jointly conduct multi-year mRNAtargeted drug discovery research on multiple genes related to infectious diseases andpsychiatric and neurological disorders, which Shionogi has designated as priority researchareas, from the identification of target substructures on mRNA to the discovery of drugcandidate compounds that act on the target substructures and show pharmacologicaleffects in animal models. Shionogi will acquire the exclusive right to negotiate for theworldwide development, manufacturing, distribution, and marketing of the drug candidate
compounds. Veritas In Silico will receive an upfront payment and research expenses upon
execution of this agreement. In addition, Veritas In Silico may receive up to total of 85 billion
yen in milestone payments based on the progress of the development andcommercialization, and royalties based on the sales amount.
“We are pleased to be working on mRNA-targeted small molecule drug discovery withShionogi, a company with advanced technology and a strong track record in small molecule
drug discovery," said Shingo Nakamura, Representative Director and CEO of Veritas In Silico.
“We will devote ourselves to this joint drug discovery research with Shionogi so that we candeliver new drugs that meet unmet medical needs of patients as soon as possible.”
About Shionogi & Co., Ltd.

Shionogi has formulated an R&D strategy for new value creation in its mid-term
management plan, Shionogi Transformation Strategy 2030 (STS2030), and is working tocreate innovative solutions to infectious diseases and psychiatric and neurological disorders,the disease areas in which Shionogi has its strength, as well as diseases with significant
social needs. Shionogi is also taking on the challenge of expanding new modalities andstriving to provide a variety of treatment options. For more information on Shionogi, please
visit the website at https://www.shionogi.com/global/en/－1/2－About Veritas In Silico Inc.

Veritas In Silico as a pathfinder to open up new areas of drug discovery has established"ibVIS", a drug discovery platform for mRNA-targeted small molecule drugs and nucleic
acids and is conducting joint drug discovery research with several Japanese pharmaceuticalcompanies. Veritas In Silico aims to realize a warm and hopeful society through nextgeneration drug discovery targeting mRNA. For more information on Veritas In Silico, please
visit the website at https://www.veritasinsilico.com/en/
Press Contact

contact@veritasinsilico.com－2/2－