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International Business Times
International Business Times
Business

AI Is Supercharging Drug Development. The Tech is Slashing Early Research Costs and Timelines by Up to 70%

Axios TD Cowen Artificial Intelligence United States
A proprietary survey conducted by investment bank TD Cowen and reported by Axios found that AI-powered tools are cutting preclinical drug development costs and timelines by as much as 70%. (Credit: Lou Benoist/AFP via Getty Images)

Artificial intelligence is rapidly transforming the pharmaceutical industry, dramatically reducing the time and cost required to develop new medicines before they ever reach human testing, according to a new survey.

A proprietary survey conducted by investment bank TD Cowen and reported by Axios found that AI-powered tools are cutting preclinical drug development costs and timelines by as much as 70%.

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