Bristol Myers Squibb accelerates India drug launches with AI-driven commercialisation

Economic Times
Economic Times
46m ago
9 views
Bristol Myers Squibb deploys AI to speed drug launches and expand presence in India amid key pipeline developments and patent challenges.
Bristol Myers Squibb accelerates India drug launches with AI-driven commercialisation
A What happened
Bristol Myers Squibb is ramping up its Indian operations by launching new drugs faster and more effectively through a $100 million AI commercialisation initiative. The company has introduced treatments such as mavacamten for hypertrophic cardiomyopathy and expanded its oncology portfolio. Its AI hub, operated in partnership with Accenture in Mumbai, drastically shortens prescriber updates from months to weeks and personalises engagement with healthcare providers. This transformation supports BMS's global ambitions and prepares for patent cliffs expected later this decade, ensuring sustained growth through a robust pipeline of novel therapies.

Key insights

  • 1

    AI reshapes pharmaceutical commercialisation: BMS's AI investment exemplifies a shift from traditional slow drug launch cycles to rapid adoption, reducing feedback loops with physicians from six months to weeks.

  • 2

    India emerging as AI innovation hub for global pharma: India’s growing role transcends low-cost back-office work; BMS's Mumbai AI hub leads global commercialisation efforts. This underscores India’s increasing importance in pharma innovation beyond traditional manufacturing or outsourcing.

Takeaways

BMS’s India-focused AI strategy highlights how pharmaceutical companies are leveraging technology to navigate patent challenges and expand in emerging markets, potentially setting a standard for global pharma commercialisation.

Topics

Technology & Innovation Artificial Intelligence Health & Medicine Healthcare Systems

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