Pharma Industry Invests in AI for Drug Development as Insilico's Rentosertib Nears Phase 3 Trials
The pharmaceutical industry has heavily invested in artificial intelligence (AI) for drug development, with Insilico Medicine's Rentosertib expected to enter Phase 3 trials within 18 months, marking a significant milestone. Eli Lilly is leading the adoption of AI, partnering with Nvidia to build a supercomputer for drug discovery and collaborating with Insilico on a potential $100 million agreement.
Precedence Research predicts global pharmaceutical investments in AI will reach $2.51 billion by 2026 and $16.49 billion by 2034. Despite skepticism about AI's impact on research and development, Samuel Scarpino from Northeastern University acknowledges its value.
Venture capitalists have invested $2.7 billion in AI drug development by Q3 2025, indicating strong investor confidence. The introduction of AI systems like AlphaFold2 has accelerated research efforts, while companies like Retro Bio and Chai Discovery are pushing boundaries in drug innovation.
