AlgoNomics was founded in June 1999. AlgoNomics aims to become a leading provider of structural bioinformatics tools, data mining methods and specialized databases for the treatment of human infectious diseases and cancer. In order to realize its goals AlgoNomics intends to use its technology platform to identify and improve potential therapeutic products, offer AlgoNomics' services and contract rights to other companies for the use of its drug discovery technology against payments and future royalties and to bring products from research to early stage human clinical trials. Collaborations with other biopharmaceutical firms and academic organisations are a central component of the company's business strategy.