Key insights
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Pharma companies are increasing AI-focused partnerships and investments: Eli Lilly and NVIDIA are set to establish a San Francisco Bay-based co-innovation lab with shared investment of up to $1bn to advance drug discovery using AI, and GSK’s chief scientific officer Tony Wood highlighted AI collaborations as key to early-stage R&D.
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AstraZeneca is positioning ADCs as a revenue growth area: Sarin said AstraZeneca has eight wholly owned ADC assets in clinical development, and a 2024 GlobalData report forecast the ADC market will exceed $40bn by 2029.
Takeaways
AstraZeneca is expanding AI integration in oncology R&D through its planned acquisition of Modella AI while advancing oncology and cardiometabolic pipeline programs and managing revenue pressure from loss of exclusivity.
Topics
Technology & Innovation Artificial Intelligence Business & Markets Mergers & Acquisitions Health & Medicine Pharma & Biotech