AI in Biopharma Innovation and Regulatory Challenges – with Nishtha Jain of Takeda Pharmaceuticals
Summary
Biopharmaceutical companies are rapidly adopting AI to streamline drug development, a process that typically costs between $708 million and $1.3 billion when accounting for failures and capital expenses. While AI offers significant potential to reduce costs and accelerate innovation, the sector faces complex regulatory challenges that must be addressed to realize these benefits.