Pharma companies are ramping up their reliance on AI in drug discovery, clinical trials and manufacturing. Bloomberg recently frame the technology as providing a $50 billion opportunity to the sector. GlobalData noted that the pandemic played a role in stoking interest in AI. But given the hype often surrounding the technology, it can be difficult…

Unveiling Sanofi’s AI-powered pharma strategy, the French pharma giant announced its plans to tap AI for insights across the company. With “plai,” an internal app, AI could provide real-time data supporting decision-making. Sanofi’s goal, as CEO Paul Hudson stated in a news release, is to become the first pharma company powered by AI at scale,…

As the threat of a global recession looms in 2023, the pharmaceutical industry is beginning to feel the pressure, with several pharma and biotech companies conducting layoffs and reducing their workforces. Among them is the Ferring Research Institute in San Diego, which has announced plans to lay off all 89 of its employees in May.…