We are beginning to see partnerships form between Big Pharma and biotech startups that employ AI and ML for drug discovery and other purposes.
Four out of the five leading pharmaceutical and biotechnology companies are currently leveraging AI solutions for chronic disease management in the areas of cancer and diabetes.
With Medical Records Tools, Apple Wades Deeper Into Digital Health Apple said Wednesday it plans to introduce new features that will allow iPhone users to access parts of their medical records through the company’s Health app.
Startup fundraising and exits look bullish for bio and health After nearly a year, venture capitalists nabbed their first U.S. acquisition for more than a billion dollars. It wasn’t a tech startup. It was bio and health.
Much of the problem with the state of healthcare in the United States can be attributed to inefficiency. Unnecessary prescriptions, incorrect diagnoses and the like cause massive waste, increasing costs without supplying results. To make matters worse, the supply of medical professionals are unable to meeting the rising demand for care.
Artificial intelligence (AI) has already proven useful in the healthcare industry, and now, two newly developed AI diagnostics systems could change how doctors diagnose heart disease and lung cancer.