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Home » AI

Articles Tagged with ''AI''

Novo’s $2.7B-plus outlay further Valo-rizes AI in drug development

Sep. 25, 2023
By Randy Osborne
A hot biopharma research approach and an equally hot therapeutic area came together in the potential $2.7 billion deal that pairs artificial intelligence (AI) company Valo Health Inc. with Novo Nordisk A/S, which will strive to advance new treat­ments for cardiometabolic diseases.
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Annalise Enterprise CTB

Annalise.ai software improves radiologists’ diagnostic accuracy and speed

Sep. 22, 2023
By Shani Alexander
An artificial intelligence (AI) tool developed by Annalise.ai Pty Ltd. was able to improve radiologists’ accuracy in detecting abnormalities on non-contrast computed tomography brain (CTB) scans. According to a study published in European Radiology, the Annalise Enterprise CTB module improved radiologists' accuracy by 32% and reduced their overall reading time by 11%.
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Merck cuts big AI deals with Benevolentai and Exscientia

Sep. 20, 2023
By Lee Landenberger
Merck KGaA has entered deals that could bring U.K. artificial intelligence companies Benevolentai Ltd. and Exscientia plc more than $1.2 billion. Oxford, U.K.-based Exscientia and Merck will collaborate to find three small-molecule candidates in oncology, neuroinflammation and immunology. Exscientia is getting $20 million up front and could bring in $674 million in milestones payments.
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Briya raises $11.5M to expand health care data exchange platform

Sep. 19, 2023
By Shani Alexander

Israeli startup Briya Ltd. raised $11.5 million in series A financing which will support the expansion of its health care data exchange platform across Europe and the U.S. The round was led by Team8, and included existing investors Insight Partners, and Amiti Ventures, and was joined by the George Kaiser Family Foundation.


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AI dollar sign

Flagship-backed Generate Bio pulls in $273M, one of 2023’s top VC rounds

Sep. 14, 2023
By Karen Carey
With one program in the clinic and another not far behind, Generate Biomedicines Inc. raised $273 million in a series C financing to advance its generative biology platform. It is one of the largest venture capital (VC) rounds for a U.S. company in 2023. Funds will go toward advancing the Somerville, Mass.-based company’s 17 pipeline programs, including the filing of multiple IND applications in 2024.
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AI-generated art of brain connections

UK looks to turn the tide against cancer with funding for AI projects

Sep. 13, 2023
By Shani Alexander
The U.K. government continues to pump money into research projects focusing on the use of artificial intelligence (AI) in health care as it looks to technology to help diagnose and treat patients. It provided £2 million (US$2.5 million) in funding to test innovative ways to tackle cancers with poor survival rates.
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Brandon Suh, CEO, Lunit at Korea Investment Week

KIW 2023: Lunit moves from AI-imaging cancer diagnostics to I/O success prediction

Sep. 12, 2023
By Marian (YoonJee) Chu
Springboarding off the success of its AI-based imaging software for cancer detection, the deep learning-based artificial intelligence (AI) company Lunit Inc. has another AI software, called the Lunit Scope, up its sleeve for which it hopes to gain U.S. FDA approval by 2025.
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Brandon Suh, CEO, Lunit at Korea Investment Week

KIW 2023: Lunit moves from AI-imaging cancer diagnostics to I/O success prediction

Sep. 11, 2023
By Marian (YoonJee) Chu
Springboarding off the success of its AI-based imaging software for cancer detection, the deep learning-based artificial intelligence (AI) company Lunit Inc. has another AI software, called the Lunit Scope, up its sleeve for which it hopes to gain U.S. FDA approval by 2025.
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Twice as nice: With Alexion, Verge cuts another big AI deal

Sep. 8, 2023
By Lee Landenberger
Verge Genomics Inc. has entered a second big AI deal with a large drug company. Privately held Verge will receive up to $42 million, including up-front, equity and near-term payments from Alexion, Astrazeneca Rare Disease, to identify multiple targets for rare neurodegenerative and neuromuscular diseases. The deal could top out at $840 million. There also is potential for downstream royalties.
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Brain with stroke illustration

Real-time smartphone app from AI-Stroke uses AI to detect stroke

Sep. 8, 2023
By Bernard Banga
AI-Stroke SAS is developing an artificial intelligence (AI)-based application able to detect strokes in real time using a simple smartphone or a tablet. The med-tech firm has just won an award in the i-Lab 2023 innovation competition, supported by the French Ministry of Research and sovereign bank Bpifrance SA. “We use the latest AI and computer vision technology to replicate a neurologist’s expertise immediately anywhere, whereas non-specialists can make diagnostic errors up to 50% of the time,” Cédric Javault, CEO and co-founder of AI-Stroke SAS, told BioWorld.
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