AI in Drug Development: A Glimpse Into the Future of Drug Discovery

The discovery of new drugs is an undeniably important undertaking and represents a massive global market. Statista indicates that the drug discovery market worldwide finds itself on an exponential trajectory, with the expected market value poised to reach 71 billion U.S. dollars by 2025. As of 2016, the market was valued at just 35.2 billion U.S. dollars. Of course, this comes as no surprise; the U.S. pharmaceutical industry, after all, was coined'Big Pharma' for a reason. By 2021, Big Pharma profits for prescription drugs are expected to reach $610 billion and, in 2015, Americans spent $457 billion on prescription drugs.