VC Funding for Artificial Intelligence in Drug Development Climbs to $5.2 Billion
Published: January 9, 2020
06th January 2020 – Written by Ulrik Kristensen, Ph.D – Features on BioSpace.com – The last few years there has been regular news about advances in artificial intelligence (AI) and machine learning increasingly being a focus of interest for the biopharma industry. For example, in September 2019, San Francisco-based Atomwise, which focuses on AI for drug discovery, signed three deals. It launched a joint venture with Cleveland-based OncoStatyx, a joint venture with Seattle’s SEngine Precision Medicine, and a joint venture with Belmont, California-based Atropos Therapeutics.
A recent market report by Signify Research found that venture capital investment for AI in drug development and clinical trials had reached $5.2 billion, although it pointed to investments slowing down in 2019 with only four new companies being formed. “Any new start-ups will have to prove themselves able to compete against well-funded first-generation vendors, and existing vendors are under pressure to demonstrate results,” wrote Ulrick Kristensen, senior market analyst with Signify.Share on LinkedIn
AI in Drug Development & Clinical TrialsPublished December 2020.
AI in Drug Development & Clinical Trials
This is a brochure for Signify Research’s 2020 report on the global market for AI in drug development & clinical trials published in December 2020.
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