Intelligent CIO Europe Issue 03 | Page 95

/////////////////////////////////////////////////////////// INTELLIGENT VERTICAL: HEALTHCARE BENEVOLENTAI ACQUIRES RESEARCH FACILITY TO ACCELERATE AI DRUG DEVELOPMENT Information technology is now capable of offering healthcare services first-hand. Artificial intelligence (AI) is more intelligent than you might have first thought; in fact, AI, along with smartphone apps, are now contributing largely to healthcare innovation by providing advancements in patient treatment, clinical developments and efficiency of health services. B enevolentAI, one of the world’s largest private AI companies, has announced that it has acquired a state-of-the-art drug discovery and development facility on the Babraham Research Campus in Cambridge (UK) for an undisclosed sum. The acquisition creates a unique AI-enabled research centre that can radically reduce the time it takes for drug candidates to enter clinical testing and deliver significantly higher success rates in treating or curing disease. The acquisition marks the first time an AI company will be able to work across the entire drug development process ‘end- to-end’ from drug discovery to late stage clinical development. www.intelligentcio.com The acquired drug discovery and development facility has a large scientific team with deep expertise in assay development and screening, medicinal and synthetic chemistry, drug metabolism and pharmacokinetics, pharmacology and clinical development. The Cambridge team will integrate with BenevolentAI’s world class drug discovery scientists, using AI to rapidly advance the right drugs to the right patients. BenevolentAI’s artificial intelligence technology has successfully generated novel drug candidates to treat a range of complex and previously untreatable diseases. The company has rapidly expanded its drug research pipeline to include 19 programmes since establishing its drug development subsidiary, BenevolentBio, less than two years “ WE HAVE BUILT AN ARTIFICIAL INTELLIGENCE TECHNOLOGY THAT CAN READ AND UNDERSTAND THE WORLD’S BIOMEDICAL INFORMATION. INTELLIGENTCIO 95