City
Epaper

Drugmaker Sanofi partners OpenAI, Formation Bio on AI-powered drug development

By IANS | Updated: May 21, 2024 14:20 IST

New Delhi, May 21 French drugmaker Sanofi on Tuesday announced that it has partnered with artificial intelligence (AI) ...

Open in App

New Delhi, May 21 French drugmaker Sanofi on Tuesday announced that it has partnered with artificial intelligence (AI) company OpenAI and tech-driven pharmaceutical firm Formation Bio to build AI-powered software to boost drug development and bring new medicines to patients more efficiently.

The companies will bring together data, software and tuned models to create custom, purpose-built solutions across the drug development lifecycle.

"Next generation, first-of-its-kind AI model customisations will be an important foundation in our efforts to shape the future of drug development for pharma and for the many patients waiting for innovative treatments," Paul Hudson, CEO, Sanofi, said in a statement.

The drugmaker said that it will leverage this collaboration to provide access to proprietary data to develop AI models as it continues on its path to becoming the first biopharma company powered by AI at scale.

OpenAI will contribute access to cutting-edge AI capabilities, including the ability to fine-tune models, deep AI expertise and dedicated thought partnership and resources.

"There is massive potential for AI to accelerate drug development. We are excited to collaborate with Sanofi and Formation Bio to help patients and their families by bringing new medicines to market," said Brad Lightcap, COO, OpenAI.

In addition, the French drugmaker mentioned that Formation Bio will provide extensive engineering resources, experience operating at the intersection of pharma and AI, and its tech-driven development platform to design, develop and deploy AI technologies across all aspects of the pharma lifecycle.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalThree Rajasthan MLAs summoned by ethics committee to be questioned today

BusinessHigh-value buying shifts to credit cards, UPI for everyday payments amid decline in debit card usage: Report

InternationalBangladesh: Violence near Indian mission in Chittagong leaves four injured

EntertainmentSimi Garewal recalls the time she peered inside the enigma that is Akshaye Khanna

TechnologyAIIMS conducts India’s 1st Deep Brain Stimulation workshop for Parkinson’s, movement disorders

Business Realted Stories

BusinessS. Korea to funnel public growth fund into AI, semiconductors

BusinessICICI Prudential AMC Makes Strong Market Debut, Lists at 20% Premium on NSE and BSE

BusinessAgentic AI promises seamless, end-to-end travel experiences for customers: McKinsey

BusinessShyam Dhani Industries Limited IPO opens on December 22, 2025

BusinessGold slips on MCX after BoJ rate hike