The pharma industry is struggling with prolonged and extremely expensive drug discovery and development. It takes on average 10 to 15 years to produce a drug, and, according to Deloitte, the associated costs can easily amount to $2.3 billion per drug. And still, only 10% of candidate drugs are successfully reaching the market. And this is not the only challenge haunting the … [Read more...] about Generative AI in Pharma: Assessing the Impact
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Latest in Pharma AI: GPTs, EU Clinical Trials Information System (CTIS), Med-PaLM2, and ClinicalGPT
At Gramener, our Subject Matter Experts (SMEs) share their perspectives on the latest innovations in the data & AI world. In this article, Santosh Shevade, our Principal Data Consultant from the Pharma Analytics team, shares information on GPTs, the EU Clinical Trials Information System (CTIS), Med-PaLM2, ClinicalGPT, PMC-LLAMA, and MedAlpaca. Santosh has also been … [Read more...] about Latest in Pharma AI: GPTs, EU Clinical Trials Information System (CTIS), Med-PaLM2, and ClinicalGPT
3rd Annual Pharma Innovation Tech Congress 2023
3rd Annual Pharma Innovation Tech Congress 2023 01st November 2023, Hotel Kohinoor Continental, Mumbai, India' Virtue Insight is delighted to announce its 3rd Pharma Innovation Tech Congress 2023 to be held on 01st November 2023, Hotel Kohinoor Continental, Mumbai, India. Join our new break-out sessions to deep dive into industry-specific Pharma Innovation Tech and explore real … [Read more...] about 3rd Annual Pharma Innovation Tech Congress 2023
Big Data in Pharma: What It Is and How It’s Used
Article summary: The pharma sector has access to a lot of data: electronic health records, genomic information, real-world evidence, and more. All this data combined can be referred to as big data.Tapping into the patterns hidden in the big data can drive immense value for the sector. By turning to big data, the pharma sector can drive improvements at each step of the drug … [Read more...] about Big Data in Pharma: What It Is and How It’s Used
Why Use AI in Pharma and How to Get It Right
Take a look at these statistics: Artificial intelligence can reduce drug discovery costs by up to 70% according to a recent study by Insider Intelligence AI can save pharma $28 billion a year on clinical research while cutting the phase's length by half AI can spare pharma companies up to $54 billion annually on R&D costs It's not surprising that pharmaceutical companies … [Read more...] about Why Use AI in Pharma and How to Get It Right
