A systematic investigation of molecular encoding methods for drug property predictions across neural network and Transformer encoder-based model

Optimizing absorption, distribution, metabolism, and excretion (ADME) is an important part of small molecule drug discovery. Many machine learning models have been built to predict ADME properties to facilitate this optimization process, but explaining model predictions is challenging. We propose a new graph neural network architecture with built-in meaningful per-atom attributions. Our model MolLedger outputs predictions that are the sum of per-atom scores. MolLedger's additive framework obtains exact interpretability at no cost to performance because the global context vector gives the additive head enough context to produce good per-atom scores. Furthermore, MolLedger produces attributions that are more faithful to chemical properties than other interpretability methods because the auxiliary loss in MolLedger anchors the atom scores to chemical properties. Our case studies comparing interpretations from multiple methods on molecular pairs reveal that MolLedger is much better at producing sensible explanations for predicted property changes.

Pretrained molecular encoders are commonly evaluated through downstream prediction, but predictive accuracy alone does not establish that a learned representation captures reproducible scientific structure, adds information beyond strong conventional baselines, or transfers out of distribution. We present a reliability-aware audit of generic molecular representations for human olfaction across four distinct claims: global perceptual geometry, incremental predictive value beyond chemistry, cross-dataset replication, and mixture transfer to unseen components. Using the Keller-Vosshall and Bierling single-molecule rating datasets and the Ma binary-mixture dataset, we compare MoLFormer and ChemBERTa against RDKit descriptors and Morgan fingerprints under identity-controlled and matched evaluations. Human three-attribute rating geometry, based on intensity, pleasantness, and familiarity, is reproducible across participant splits (median RSA 0.743 and 0.855), whereas model-human alignment is substantially weaker (RSA 0.019-0.158). Learned embeddings do not consistently outperform conventional representations in global alignment, and MoLFormer provides no clear incremental predictive value beyond a combined RDKit-Morgan baseline in either single-molecule dataset. Human geometry shows positive but incomplete agreement across 63 shared molecules (RSA 0.331; 95% bootstrap interval [0.204, 0.507]). Under one strict unseen-component mixture split, incremental effects are outcome- and representation-dependent, with all intervals crossing zero. These results establish empirical boundaries for the evaluated generic molecular encoders and motivate a broader evaluation principle: representation quality in scientific domains should be assessed separately for target reliability, structural alignment, incremental information, replication, and out-of-distribution transfer.

Accurate molecular property prediction is central to drug discovery, catalysis, and process design, yet real-world applications are often limited by small datasets. Molecular foundation models provide a promising direction by learning transferable molecular representations; however, they typically involve task-specific fine-tuning, require machine learning expertise, and often fail to outperform classical baselines. Tabular foundation models (TFMs) offer a fundamentally different paradigm: they perform predictions through in-context learning, enabling inference without task-specific training. Here, we evaluate TFMs in the low- to medium-data regime across both standardized pharmaceutical benchmarks and chemical engineering datasets. We evaluate both frozen molecular foundation model representations, as well as classical descriptors and fingerprints. Across the benchmarks, the approach shows excellent predictive performance while reducing computational cost, compared to fine-tuning, with these advantages also transferring to practical engineering data settings. In particular, combining TFMs with CheMeleon embeddings yields up to 100% win rates on 30 MoleculeACE tasks, while compact RDKit2d and Mordred descriptors provide strong descriptor-based alternatives. Molecular representation emerges as a key determinant in TFM performance, with molecular foundation model embeddings and 2D descriptor sets both providing substantial gains over classic molecular fingerprints on many tasks. These results suggest that in-context learning with TFMs provides a highly accurate and cost-efficient alternative for property prediction in practical applications.