Silicon Valley-based company Saama is so far among the AI companies involved in clinical trials which raised the largest amount of capital, totaling some half a billion U.S. dollars. Clinical trials are a crucial phase in drug development, but only about one out of 10 candidates progress from phase I to approval. Challenges like funding gaps, low enrollment, and flawed designs often lead to trial failures, despite a drug's safety and efficacy. AI's integration in clinical trials can make them more cost-effective and focused, potentially improving drug development's success rate.
Select leading AI in clinical trials companies by funding as of 2023
(in million U.S. dollars)
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BiopharmaTrend. (July 21, 2023). Select leading AI in clinical trials companies by funding as of 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/
BiopharmaTrend. "Select leading AI in clinical trials companies by funding as of 2023 (in million U.S. dollars)." Chart. July 21, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/
BiopharmaTrend. (2023). Select leading AI in clinical trials companies by funding as of 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/
BiopharmaTrend. "Select Leading Ai in Clinical Trials Companies by Funding as of 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 21 Jul 2023, https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/
BiopharmaTrend, Select leading AI in clinical trials companies by funding as of 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/ (last visited November 21, 2024)
Select leading AI in clinical trials companies by funding as of 2023 (in million U.S. dollars) [Graph], BiopharmaTrend, July 21, 2023. [Online]. Available: https://www.statista.com/statistics/1428781/ai-in-clinical-trials-companies-by-funding/
