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STAT+: VCs move to launch U.S.-based companies to develop drugs developed in China

STAT

based companies from scratch to test and ultimately seek to commercialize innovative drugs developed in China. companies have long signed licensing deals with Chinese drugmakers. But increasingly American venture capitalists are building U.S.-based

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STAT+: AI drug developers Recursion, Exscientia to merge

STAT

Two of the leading companies in the AI drug development field, Recursion Pharmaceuticals and Exscientia, said Thursday that they will merge into one company. The new company will continue using the Recursion name and be led by Recursion co-founder and CEO Chris Gibson.

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STAT+: Eli Lilly, Insitro ink a new kind of AI drug development deal

STAT

Machine-learning drug development company Insitro has inked three agreements with Eli Lilly for new medicines for metabolic diseases.

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As AI transforms drug development, biotechs might not need as much Big Pharma support

PharmaVoice

Small biotechs are making gains with AI drug development, and their advantages may help some push ahead without Big Pharma.

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STAT+: Life science leaders on how to make drug development less expensive, slow, and risky

STAT

Drug development is essentially a long, expensive bet: 90% of drugs fail during clinical trials, goes one of the life science industry’s most oft-quoted statistics. But they cautioned that the pace of future successes will depend on whether the industry can streamline and rethink drug development.

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Opinion: STAT+: It’s time to rethink everything about our approach to psychiatric drug development

STAT

Despite significant efforts, progress in psychiatric drug development has remained disappointingly slow. But the landscape remains predominantly marked by failures and a dry drug development pipeline. Approved drugs follow the same pattern of prescribing via guesswork, with most patients not responding to a given drug.

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STAT+: Novartis strikes AI drug development deal with Generate:Biomedicines

STAT

Generate:Biomedicines, a Flagship Pioneering company using artificial intelligence to create new medicines, announced today that it has struck a deal with Novartis to develop an undisclosed number of targets in various disease areas. With milestone payments, the company is eligible to receive over $1 billion, in addition to royalties.