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Sanofi Bets on AI to Boost Drug Development and Ease Medicare Price Pressure

  • Sanofi CEO Paul Hudson believes AI can help speed up drug development as Medicare negotiates drug prices. AI could help study multiple drug uses in parallel.

  • Sanofi made big investments in AI companies like Exscientia, Atomwise, and Owkin in 2022 to transform into an "AI pharmaceutical company."

  • AI can improve success rate from discovery through development and help Sanofi innovate faster to ease Medicare price pressure.

  • Sanofi launched an internal app, plai, to collect employee insights/data across the company and make workflows more efficient with "snackable AI."

  • Hudson wants Sanofi to become the first "at-scale AI pharmaceutical company" with investments in tech like plai and acquisitions.

yahoo.com
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