Sensyne Health's IPO: AI in Healthcare is Hot BioSpace

Sensyne Health, a London-based healthcare artificial intelligence (AI) company founded by biotech entrepreneur Paul Drayson, recently launched an initial public offering (IPO) on the London AIM market. Drayson's plan is to raise $78 million. It's just one of many companies that are exploiting advances in computing, data science and AI to help identify and develop potential new drugs. Drayson was formerly the UK's Minister of Science in the Department for Business, Innovation and Skills until May 2010, and before that, Minister of State for Strategic Defence Acquisition Reform at the Ministry of Defence. Drayson co-founded vaccine maker PowderJect Pharmaceuticals in 1993 and sold it in 2003 to Chiron for 524 million pounds.