While there are currently no FDA-approved AI-discovered drugs, interest in generative AI (genAI) could be a game-changer for the pharmaceutical industry in the coming years. Sanofi, which has signaled its intent to go “all in” on AI, has inked a deal with ChatGPT developer OpenAI and Formation Bio to build AI-powered software to speed drug…
Lantern Pharma aims to take drug to phase 3 for $100-200 million with AI-powered approach
Lantern Pharma’s AI-powered sprint Lantern Pharma (NASDAQ: LTRN), a publicly traded clinical-stage biotech company with a market cap of around $79 million as of mid-March 2024, is shooting for developing $200 million drugs with a machine learning-based platform. The oncology-focused firm Lantern Pharma, profiled last year, has advanced its new drug (LP-284) to a Phase…