Galeon, an AI-powered health community project, announces funding of 500,000 euros with no counterpart for the repurposing of drugs. Today, Galeon launches a worldwide call for applications from doctors and scientists who have observed possible drug repurposing.

Drug repurposing is the use of known drugs for diseases they were not intended to cure initially. This move rigorously follows DeSci’s (Decentralized Science) core values of borderless Internet-powered science.

Once the projects are selected by a scientific committee of experts, Galeon will finance the study to be conducted to scientifically validate this repurposing. A first in the startup landscape. But most of all, a first use case for Galeon’s DAO.

Repurposing existing drugs for new diseases holds immense promise for faster and more affordable treatments. However, traditional funding models often fall short due to centralized control and misaligned priorities. Galeon’s DeSci approach disrupts this paradigm.

Galeon’s vision is to decentralize access to secure medical data across hospitals, fostering a global community of passionate researchers and innovators – the Galeon Pioneers. This empowers a collaborative environment where scientific innovation thrives.

Galeon is seeking promising drug repurposing candidates. Up to €500,000 will be allocated to fund essential studies, with projects selected by an independent scientific committee. Uniquely, Galeon’s DAO, co-governed by patients (50%) and $GALEON token holders (50%), will also participate in the selection process. This DAO ensures funding is directed towards research with the greatest potential to benefit patients.

Doctors and scientists can submit drug repurposing proposals through an online form: here

Galeon’s funding comes with no strings attached, 100% from its own funds. Galeon’s objective is to propel medical research forward and unlock innovative treatments for all.

Support Galeon to revolutionize medical research with the power of DeSci.

For more information, visit our website or contact us on our social networks.

Galeon is a revolutionary AI-powered health community that empowers patients, researchers, and healthcare professionals to collaborate and drive innovation in medicine. By leveraging the power of Medical AI and blockchain, Galeon is accelerating the discovery of life-saving treatments and making healthcare more accessible and affordable for everyone.

More info here

The post €500,000 Funding for Medical Research: Galeon Shakes DeSci with its DAO’s First Use Case appeared first on BeInCrypto.

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