Itinai.com group of people working at a table hands on laptop 3be077fb c053 486f a1b9 8865404760a3 0
Itinai.com group of people working at a table hands on laptop 3be077fb c053 486f a1b9 8865404760a3 0

AstraZeneca bets $247m on AI company developing cancer drug

AstraZeneca invests $247 million in Absci to develop an AI-generated antibody for unspecified cancer treatment. Absci’s AI platform aims to accelerate discovery by simulating protein interactions and validation in wet-labs, potentially revolutionizing oncology drug development with a promised rapid advancement cycle.

 AstraZeneca bets $247m on AI company developing cancer drug

“`html

AstraZeneca’s Investment in AI for Cancer Drug Development

AstraZeneca has invested a significant sum of $247 million into an AI-driven company called Absci. This investment is aimed at creating an innovative antibody for cancer treatment.

How Absci’s AI Platform Works

Absci’s cutting-edge AI drug discovery platform is designed to identify new potential drugs. It then puts these drugs through rigorous testing in its advanced laboratories, known as wet-labs.

The Goal of the Collaboration

The goal with AstraZeneca’s backing is to develop an antibody that targets cancer cells. The specific cancer type targeted by this project is still under wraps.

The Challenge in Antibody Discovery

Creating new antibodies is challenging due to the vast number of possible protein combinations. Traditional discovery methods are slow and resource-heavy, involving a lot of trial and error.

The AI Advantage

Absci’s Integrated Drug Creation platform leverages machine learning to analyze billions of protein interactions. This AI-driven method is much faster and precise than traditional approaches, reducing the discovery process to approximately six weeks.

Why This Matters

AstraZeneca’s financial commitment is a strong indicator of their belief in the potential of AI to revolutionize cancer treatment. This partnership could significantly benefit patients and the pharmaceutical industry.

Transform Your Company with AI

Embrace AI to stay ahead in the competitive market. Here’s how:

  • Identify Automation Opportunities: Find customer interaction points that can be enhanced with AI.
  • Define KPIs: Set measurable goals for your AI initiatives.
  • Select an AI Solution: Pick tools that suit your business needs and offer customization.
  • Implement Gradually: Start small with a pilot program, then expand based on the insights gained.

For expert advice on AI and KPI management, reach out to us at hello@itinai.com. Follow us for more AI insights on Telegram t.me/itinainews or Twitter @itinaicom.

Spotlight on a Practical AI Solution

Check out the AI Sales Bot at itinai.com/aisalesbot. It’s designed to automate customer engagement around the clock and manage interactions throughout the customer journey.

Discover how AI can transform your sales processes and customer interactions. Learn more at itinai.com.

“`

List of Useful Links:

Itinai.com office ai background high tech quantum computing 0002ba7c e3d6 4fd7 abd6 cfe4e5f08aeb 0

Vladimir Dyachkov, Ph.D
Editor-in-Chief itinai.com

I believe that AI is only as powerful as the human insight guiding it.

Unleash Your Creative Potential with AI Agents

Competitors are already using AI Agents

Business Problems We Solve

  • Automation of internal processes.
  • Optimizing AI costs without huge budgets.
  • Training staff, developing custom courses for business needs
  • Integrating AI into client work, automating first lines of contact

Large and Medium Businesses

Startups

Offline Business

100% of clients report increased productivity and reduced operati

AI news and solutions