https://skarfinans.com/en/eli-lilly-reaches-2-75-billion-deal-with-insilico-to-bring-ai-developed-drugs-to-the-global-market/ Eli Lilly just made a massive bet on AI discovered medicines. The US drugmaker has agreed to pay $2.75 billion to Hong Kong based AI firm Insilico Medicine for rights to their drug candidates. The deal includes an upfront payment of $115 million, with the rest tied to regulatory approval, commercial performance and royalties. Insilico says its generative AI platform has produced at least 28 drug candidates, and nearly half have already entered clinical testing. That is a remarkably fast pace for drug discovery. By joining Lilly’s Gateway Labs network, Insilico gets access to experimental resources that could cut the time from molecule design to human trials even further. A huge milestone for AI in pharma. Anyone else watching this space? submitted by /u/AlphaOneYoutube
Originally posted by u/AlphaOneYoutube on r/ArtificialInteligence
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