The biotech industry is facing a reckoning in 2023. To date, roughly 100 biopharmas have cut workers this year, matching the total number of layoffs in the sector in 2022. Many biotech startups have been hit hard. The wave of job cuts comes on the heels of a biotech boom following the COVID-19 pandemic, when…
Sanofi puts AI ‘Plai’ app at the center of drug discovery and clinical trial operations
The French pharmaceutical giant Sanofi has unveiled a new AI-powered app called Plai, developed in partnership with AI platform Aily Labs. This move is part of Sanofi’s plan to become the pioneer in fully integrating AI into all operations, according to CEO Paul Hudson. Plai, designed to compile and process Sanofi’s internal data from various…
UBS: Generative AI is no silver bullet for drug discovery
Imagine a world where the process of developing life-saving drugs is as streamlined as a modern assembly line. In such a reality, generative AI in drug discovery might churn out promising compounds with similar efficiency and precision as a factory robot assembling a car. Moreover, such technology could chip away at the steep cost and…