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drug development News

Blockchain technology to equip scientists and drug developers Special

Caywon Pharmaceuticals Group has adopted blockchain technology to equip scientists with the necessary IT tools to translate their requirements into a digital workflow by using Crowd Machine. Dr. Matthew Lee, VP of Innovations at Caywon explains more.

GSK and Exscientia to collaborate on artificial intelligence

London - Technology company Exscientia and major pharmaceuticals manufacturer GlaxoSmithKline are coming together to develop artificial intelligence for the discovery of new small molecule therapies.

Typical drug development costs $2.6 billion

How much does it cost to produce a pharmaceutical product these days? According to a new study, the typical cost has rocketed to $2.6 billion. The $ figure is up from an estimated price tag of $1 billion from an analysis published in 2003.

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