Gen AI Companies Shine In Drug Development

A string of AI-focused deals in 2023 and two late-year gen AI-specific agreements may presage a strong 2024 for drug discovery companies employing AI. 

Bio Bytes
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In early December, AstraZeneca PLC announced a $247m alliance with generative artificial intelligence biologics development company, AbSci Corp., to design an antibody against an unnamed oncology target, while Boehringer Ingelheim GmbH inked a deal of undisclosed value with Ten63 Therapeutics, also a gen AI-guided company that has focused on oncology to date. 

Could these two deals be a preview for a strong year ahead for gen AI-drive drug discovery companies? The technology, while new, is appealing in several ways. Gen AI can be trained on large datasets to identify rules and patterns not necessarily seen through other methods and then generate its own datasets, so it can be a fruitful approach for de novo drug creation

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