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Innovating What Matters: Driving Pharma Forward - FROM FASTCO WORKS AND PURDUE UNIVERSITY
Apr 15, 2025
Mung Chiang, President of Purdue University, is a champion for university-industry collaboration aimed at transforming the pharmaceutical landscape. He discusses how Purdue partners with companies like Elanco and Eli Lilly to foster innovation. The conversation dives into the profound effects of AI on drug discovery and manufacturing, highlighting cross-industry partnerships that tackle clinical trial challenges. Chiang emphasizes the One Health initiative and how academic startups are vital for advancing healthcare outcomes and adapting to industry needs.
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Quick takeaways
- AI and machine learning are revolutionizing drug discovery by enhancing scientists' abilities and expediting the delivery of new treatments.
- Collaboration between academia and industry is crucial for cultivating a skilled workforce and fostering innovation in the pharmaceutical sector.
Deep dives
The Role of AI in Drug Discovery and Development
AI is currently transforming drug discovery and development processes within the pharmaceutical industry. Companies like Amgen leverage AI and machine learning to enhance the work of scientists in finding new treatment opportunities while also expediting the market delivery of these medicines. This involves reducing cycle times and improving supply chain and manufacturing efficiencies. The integration of AI allows for a more streamlined approach to developing innovative pharmaceuticals, ultimately benefiting patients with unmet medical needs.
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