🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

CSL taps AI to power drug development

Published 03/09/2024, 02:58 pm
Updated 03/09/2024, 03:30 pm
© Reuters.  CSL taps AI to power drug development
CSL
-

CSL Ltd is utilising artificial intelligence (AI) to revolutionise drug development and enhance treatment personalisation. The global biotech company, valued at A$147.3 billion, has begun integrating AI into its extensive research and development program, which exceeds A$1 billion annually.

CSL vice-president of Research Michael Wilson highlighted AI's transformative impact on drug development, saying, “What’s really changing the pharma and biotech industry is that we have a lot more data to work with now. We have much better computing power.”

He emphasised that AI allowed for rapid data analysis, significantly shortening processes from a year to mere seconds.

AI not only aids in drug discovery by identifying promising compounds but it predicts the potential impact of infectious agents. This advancement underscores the necessity of investment in AI to remain competitive.

Wilson noted that AI’s role in patient stratification could greatly enhance cancer treatment by matching the right drug with the right patient group based on genetic markers.

“If you think about particular cancers, they are now characterised using particular biomarkers, not in the sense of which organ the cancer has come from but more in the genetic mutations that cancer possesses that will determine what the treatment regimen is going to be applied for that particular patient,” Wilson said.

“Breast cancer is probably the easiest one to understand. Is it hormone-responsive or not hormone-responsive? Does it have particular biomarkers?

“The way that this works is that essentially what you need is to be able to access data – molecular data, biomarker data – from the patients that you’re interested in versus the people that don’t have the disease.”

CSL’s approach parallels that of Moderna, which has partnered with OpenAI to expedite drug development and automate various business operations. Moderna CEO Stephane Bancel predicts this will enable the launch of 15 new products within five years.

The CSIRO is also exploring AI’s potential in drug discovery through its new A$15 million supercomputer, Virga.

Head of CSIRO's drug discovery chemistry team Lewis Blackman emphasised the importance of high-quality data and advanced computational infrastructure, saying, “There is a need for making drug discovery faster and cheaper so that we can better respond to previously untreatable diseases and future pandemic threats, such as the rise of antimicrobial resistance.”

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.