Pfizer, Tempus collaborate on cancer drug development

Multinational pharmaceutical and biotech company Pfizer and AI-powered data company Tempus announced a multiyear strategic alliance to utilize AI and machine learning to inform drug discovery and development in oncology. Pfizer will leverage Tempus' library of de-identified data to accelerate therapeutic development in oncology. It will also use Tempus' AI-driven companion diagnostic offerings and clinical trial-matching program to support therapeutic research and development. "Pfizer shares our commitment to bringing novel treatments to patients faster, and we look forward to working together to usher in the next generation of oncology therapeutics," Eric Lefkofsky, founder and CEO of Tempus, said in a statement. "This is the third strategic collaboration Tempus has established with a global pharmaceutical leader in the last year, as we believe that combining our technological capabilities with pharma's deep R&D expertise will get us much closer in realizing the full potential of precision medicine."