Top 6 Companies Using AI In Drug Discovery And Development
What if coming up with a new drug could be measured in days rather than years? What if new medication would cost thousands instead of billions of dollars? Just look at how an AI pharma start-up developed a potential new drug in 46 days! Artificial intelligence technologies promise to speed up the process of drug discovery and development and make it more cost-effective. As the market is flourishing, and it takes time and effort to separate the wheat from the chaff, we collected the most promising AI pharma companies out there.
Drug design is a key area AI is revolutionizing. In one of our latest database projects, we decided to venture into this territory and collect the companies that use artificial intelligence for this purpose. To add more value than what’s already available, our goal was not only to list these but also to determine their fields of operation, their target group and other, so far unmapped details.
The future is about speed and savings
New drugs are approved through human clinical trials: rigorous,
year-long procedures starting in animal trials and gradually moving to
patients. They typically cost billions of dollars and take many years to
complete, sometimes more than a decade. Plus, patients in trials are exposed to
side effects that cannot be predicted or expected. And even if the trial is
successful, it has to go through a regulatory approval: it may or may not
receive the nod of the respective regulatory agency, e.g. the US Food and Dru...
Source: The Medical Futurist - Category: Information Technology Authors: berci.mesko Tags: Artificial Intelligence in Medicine Future of Pharma Genomics research clinical trials AI drug development medication drug discovery drug research cure Source Type: blogs
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