Identifying and accelerating drug development is big business. The costs in this industry are significant and finding pathways to optimize using AI methods is top of mind in this fast and evolving industry. Deloitte found that the average cost of developing a new drug among the top 20 global #biopharmas it studied rose 15% ($298 million) last year, to approximately $2.3 billion. That figure includes the average cost of developing a candidate from discovery through clinical trials to the market. Many #biopharmaceutical companies are using #AI to speed up drug development. For example, machine-learning models are trained using information about the protein or #amino-acid sequence or 3D structure of previous drug candidates, and about properties of interest. https://lnkd.in/g3xQ8gkv
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In a panel discussion with Pharma Focus Europe, Dr. Somesh Sharma, Executive Vice President & Head, Discovery Services, Aragen Life Sciences Ltd., shares his insights on the topic “Innovations in Pharmaceutical R&D: Navigating the Future”. During the discussion, he deep dives into some of the key topics such as adaptive clinical trials on drug design, artificial intelligence for drug repurposing, ethical challenges associated with emerging platforms such as AI, CRISPR for R&D practices and R&D efficiency on the scalability of production processes. Read the full article here - https://lnkd.in/gZmFhzVW #PharmaFocusEurope #Biopharma #CDMO #Pharmaceuticals #MediaCoverage #PanelDiscussion #researchanddevelopment #ClinicalTrails #AI #CRISPR #Aragen #ArageLifeSciences #AragenInTheMedia
Innovations in Pharmaceutical R&D: Navigating the Future. - Aragen Life Sciences
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Is AI's role in drug development overhyped or underestimated? 2024 is set to be the year of the AI revolution in pharmaceuticals, but is the impact truly as groundbreaking as it's made out to be? The controversy surrounding AI's role in drug development revolves around the extent of its impact. Some argue that AI's potential is overhyped, leading to inflated expectations, while others believe its true implications are underestimated. This debate raises questions about the actual effectiveness of AI in reshaping the pharmaceutical landscape and its ability to deliver on the promises of efficiency and innovation. As AI continues to gain prominence in healthcare, understanding the real implications of its integration into drug development becomes crucial for shaping the future of the industry. We'd love to hear your thoughts on this debate. #AI #Pharma #artificialintelligence
Transforming drug development with AI
pharmaphorum.com
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Discover Pharmaeconomica BV's PREDIT platform, an advanced AI tool revolutionizing drug discovery. PREDIT has identified potent cholinesterase inhibitors and antiviral compounds, accelerating R&D in the pharmaceutical industry. Learn how PREDIT is reducing timelines, enhancing precision, and uncovering new therapeutic opportunities. #DrugDiscovery #AI #Pharmaeconomica #Innovation #R&D
Our latest article, "PREDIT AI Success Story in Drug Discovery," is now live on ThinkML! In this piece, we delve into the remarkable success of Pharmaeconomica BV's PREDIT platform, an advanced AI tool that is revolutionizing the drug discovery process. PREDIT's innovative approach has led to the identification of potent cholinesterase inhibitors and antiviral compounds, showcasing its potential to accelerate research and development in the pharmaceutical industry. Discover how PREDIT is transforming the landscape of drug discovery by reducing timelines, enhancing precision, and uncovering new therapeutic opportunities. Check it out here: https://lnkd.in/dn-u9xcE #DrugDiscovery #AI #Innovation #Pharmaeconomica #PREDIT #CholinesteraseInhibitors #AntiviralCompounds #HealthcareInnovation #Biotech #Pharmaceuticals
PREDIT: AI Success Story in Drug Discovery
thinkml.ai
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Market entry consultant | Start-up specialist and business growth leader | Experienced General Manager | Healthcare | Pharmaceuticals | Biotech | Managing Director at MoorPharm Consulting Ltd.
Is AI's role in drug development overhyped or underestimated? 2024 is set to be the year of the AI revolution in pharmaceuticals, but is the impact truly as groundbreaking as it's made out to be? The controversy surrounding AI's role in drug development revolves around the extent of its impact. Some argue that AI's potential is overhyped, leading to inflated expectations, while others believe its true implications are underestimated. This debate raises questions about the actual effectiveness of AI in reshaping the pharmaceutical landscape and its ability to deliver on the promises of efficiency and innovation. As AI continues to gain prominence in healthcare, understanding the real implications of its integration into drug development becomes crucial for shaping the future of the industry. I'd love to hear your thoughts on this debate. #AI #Pharma #artificialintelligence
Transforming drug development with AI
pharmaphorum.com
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Our latest article, "PREDIT AI Success Story in Drug Discovery," is now live on ThinkML! In this piece, we delve into the remarkable success of Pharmaeconomica BV's PREDIT platform, an advanced AI tool that is revolutionizing the drug discovery process. PREDIT's innovative approach has led to the identification of potent cholinesterase inhibitors and antiviral compounds, showcasing its potential to accelerate research and development in the pharmaceutical industry. Discover how PREDIT is transforming the landscape of drug discovery by reducing timelines, enhancing precision, and uncovering new therapeutic opportunities. Check it out here: https://lnkd.in/dn-u9xcE #DrugDiscovery #AI #Innovation #Pharmaeconomica #PREDIT #CholinesteraseInhibitors #AntiviralCompounds #HealthcareInnovation #Biotech #Pharmaceuticals
PREDIT: AI Success Story in Drug Discovery
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Artificial intelligence (AI) is poised to revolutionize the pharmaceutical industry, according to Inceptive CEO Jakob Uszkoreit. He envisions AI as a game-changer that can streamline drug discovery and development processes, making them more efficient and cost-effective. Uszkoreit asserts that AI has the power to reshape the landscape of pharmaceutical research by expediting every phase of […]
AI Magic: Faster, Cheaper Drugs Ahead! | US Newsper
usnewsper.com
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Harnessing AI's power to revolutionize drug development. Capturing the potential of genomics and AI in pharmaceuticals. #GenAIDrugDevelopment #AIinPharma #BiotechInnovation #GenomicsResearch #FutureOfMedicine #Femtosoftitservices https://lnkd.in/dcgVmKpz
Capturing the genAI boom for drug development - Pharmaceutical Technology
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‘Novartis CEO explains how AI will impact drug development’ #pharma #pharmaceutical #pharmaceuticals #pharmaceuticalindustry #drugdevelopment #clinicalresearch #clinicaldevelopment #ai #artificialintelligence #ml #machinelearning #stem #scienceandtechnology #technology #generatieveai #biotechnology #biopharmaceutical https://lnkd.in/eMPDcbvZ
Novartis CEO explains how AI will impact drug development
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post could be: The pharmaceutical industry is embracing generative AI to revolutionize drug discovery, development, and repurposing. With the potential to save time and costs, Gen AI is set to transform the sector. Explore the top use cases and real-life examples in our latest blog. #PharmaInnovation #GenerativeAI #DrugDiscovery #AIinPharma https://lnkd.in/g3AQDRrf
Generative AI in Pharma: Assessing the Impact
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#PharmaIndustry #GenerativeAI The pharmaceutical sector faces challenges in drug discovery and development, with costs reaching $2.3 billion per drug. To tackle this, companies are turning to generative AI for faster drug discovery, clinical trial facilitation, and workflow automation. Learn how Gen AI benefits pharma and its challenges in our latest blog. Explore use cases like drug design, virtual screening, and drug repurposing, with a projected market growth of $1.129 million by 2032. Stay ahead in the pharma industry with generative AI! #AIinPharma #DrugDiscovery https://lnkd.in/g3AQDRrf
Generative AI in Pharma: Assessing the Impact
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