Artificial intelligence (AI) and machine learning (ML) technologies are redefining the way biopharma companies discover and develop drugs.
It’s not a passing phase, either. Half of the 50 biggest pharmaceutical companies have entered into partnerships or licensing agreements with AI companies in recent years. It’s clear that pharma companies are embracing AI in droves, and if you’re in the life sciences industry, you should too.
The reasons why are simple: AI has the potential to revolutionize the drug discovery and development process, promising improved efficiency, accuracy, and speed. And according to Forbes, AI is slashing drug discovery costs for pharmaceutical companies by a whopping 70%.
Poolbeg Pharma plc (LON:POLB) is a clinical stage infectious disease pharmaceutical company, with a novel capital light clinical model which enables us to develop multiple products faster and more cost effectively than the traditional biotech model.
