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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

Using AI To Modernize Drug Development And Lessons Learned

Using AI To Modernize Drug Development And Lessons Learned

forbes.com

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