No longer science fiction, AI and robotics are transforming healthcare

The path from research lab to patient is a long and costly one. According to the California Biomedical Research Association, it takes an average of 12 years for a drug to travel from the research lab to the patient. Only five in 5,000 of the drugs that begin preclinical testing ever make it to human testing and just one of these five is ever approved for human usage. Furthermore, on average, it will cost a company US $359 million to develop a new drug from the research lab to the patient[1]. Drug research and discovery is one of the more recent applications for AI in healthcare.