Exclusive
scalehealthtech Realize your Healthcare’s Digital Transformation journey with ScaleHealthTech Learn More

BenevolentAI Achieved 3rd Milestone in Collaboration with AstraZeneca

Written by : Trishti Pariwal

July 17, 2023

Category Img

A continuing partnership between BenevolentAI and AstraZeneca business which specializes in medication discovery and development has reached its third milestone successfully.

The accomplishment represents a significant advancement in the effort to revolutionize drug discovery by utilizing the power of AI. The collaboration of both organizations seeks to use BenevolentAI's cutting-edge AI technology to accelerate the discovery and development of new therapies. BenevolentAI's AI-driven drug discovery platform and AstraZeneca's experience in pharmaceutical research and development will be combined to address the difficult problems associated with getting new medicines to patients.

The third milestone achieved shows how well its AI technology works at finding prospective medication targets and treatments. The company successfully analyzed enormous volumes of data using its advanced algorithms to discover unique insights into disease mechanisms and therapy pathways. These findings have the potential to open up new avenues for the development of innovative treatments for a range of diseases.

"We are delighted to have achieved this important milestone in our collaboration with AstraZeneca," said Joanna Shields, CEO of BenevolentAI. "Our AI platform has once again demonstrated its immense potential in accelerating the discovery of novel drug candidates.'

The pharmaceutical sector has become interested in AI-enabled drug discovery collaboration due to its potential to reduce and possibly even eliminate the current time-consuming and expensive drug development process. The partners hope to speed up the delivery of innovative therapies to patients by utilizing AI to cut down on the time and resources needed to identify and validate prospective drug targets.

Dr. Menelas Pangalos, Executive Vice President, Research and Development, Biopharmaceuticals, AstraZeneca, also expressed enthusiasm about the collaboration, stating, "The progress we have made with BenevolentAI reinforces our belief in the power of AI to drive significant advancements in drug discovery. This collaboration has been marked by a strong synergy between our teams, and we look forward to continuing our work together to bring new medicines to patients in need."

The third milestone has been successfully completed, and BenevolentAI and AstraZeneca will now work closely together to further their drug discovery efforts. Both businesses are still dedicated to using AI to learn new things about illnesses, create more accurate treatments, and enhance patient outcomes.


POPULAR CATEGORIES

WEEKLY POPULAR POSTS

ABOUT US

Digital Health News ( DHN) is India’s first dedicated digital health news platform launched by Industry recognized HealthTech Leaders. DHN Is Industry’s Leading Source Of HealthTech Business, Insights, Trends And Policy News.

DHN Provides In-Depth Data Analysis And Covers Most Impactful News As They Happen Across Entire Ecosystem Including Emerging Technology Trends And Innovations, Digital Health Startups, Hospitals, Health Insurance, Govt. Agencies & Policies, Pharmaceuticals And Biotech.

CONTACT US

© Digital Health News 2024