Startups to watch in #AI-DrivenDrugDiscovery area? iLoF is on the list of the prestigious Sifted for 2023
The future of drug development is being reshaped by AI, revolutionizing the pharmaceutical industry. With drug development traditionally taking 12 years and costing over $1 billion, the potential impact of AI is game-changing 🧬💊
Here are some mind-blowing insights :
- The global AI healthcare market is valued at an impressive $11 billion (2021).
- By 2030, this market is expected to soar to a staggering $188 billion.
- A total of 270 companies across the globe are focused on AI-driven drug discovery.
At iLoF, our impact in this massive industry has just started!
Together with other brave scientists, entrepreneurs and inventors, we are shaping the future of healthcare and driving advancements that will improve lives globally.
News – April 27th, 2023
