Eularis

Healthcare is currently experiencing one of its biggest transformations in history, with artificial intelligence in pharma and biotech being the driving force behind this revolution. The impact of this technology spans across the entire healthcare industry from drug discovery to improved patient treatment and care. To help you understand this concept in an easier way, let's have a closer look at it. The Old Way Was Too Slow and Too Costly The development process of any drug used to take more than 12 years and require about $2.3 billion. However, most of the drugs that entered the process did not make it to the patients. Clinical trials were unsuccessful; drugs did not achieve their target. The result was a billion-dollar waste on nothing. Moreover, at that time many pharma brands were not able to reach their revenue objectives. According to statistics, about two-thirds of pharmaceutical brands fail to achieve their revenue goals post-launch. All this results in layoffs, financial l...