Transforming Clinical Trials with the Power of AI

Developing prescription drugs is a high-cost, high-risk endeavor. Average research and development for an approved prescription drug requires an investment of $2.9 billion and takes more than 11 years. Clinical trials alone can cost an average of $1.1 billion over 6.6 years. In fact, clinical trials account for a staggering 40 percent of the pharmaceutical industry's research budget. To make matters worse, only 14 percent of drugs that enter clinical trials are eventually approved.