Currently, it takes a staggering 10-15 years and costs $2.6 billion to develop a new drug, and an astonishing proportion of this is lost in the 90% of candidates that fail. AstraZeneca is one of the world’s largest Pharmaceutical companies and is incorporating AI in every step of the R&D chain from drug discovery to launch to make this process safer, quicker and less costly.
It takes over $2.5B and 10 years to produce one drug. Artificial Intelligence has the power to halve each of that. Enter, BenevolentAI.
Iodine is the ‘Yelp of Medicine,’ creating tremendous value by crowdsourcing reviews of pharmaceuticals to help patients make better-informed choices about their medications. But the question remains: can they capture any of that value?