AstraZeneca, the multinational pharmaceutical and biopharmaceutical giant, recently announced they will establish new centers for drug research and AI development in China (increasing R&D headcount in China to 1,000 people), as well as that they have established a $1 billion fund to support biotech innovation in China. These new facilities will support the company's R&D efforts in the US, UK, and Sweden.
AstraZeneca plans to collaborate with local companies in new drug development. While they are not currently a major player in the AI Biotech sector, this plan could help grow their IP in the sector. It may also provide a major growth in business to Chinese companies already established in the sector (or looking to grow with help from the new fund).
Artificial intelligence and human health don’t stop with our general diagnostics, cardiology, neurology, and activity sectors. This sector covers AI/ML-centric advancements in auditory, dental, GI/hepatic, circulatory, immune, musculoskeletal, ocular, reproductive, respiratory, dermatological, urinary, rectal, and spectrometry related biotech.
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Artificial intelligence and human health don’t stop with our general diagnostics, cardiology, neurology, and activity sectors. This sector covers AI/ML-centric advancements in auditory, dental, GI/hepatic, circulatory, immune, musculoskeletal, ocular, reproductive, respiratory, dermatological, urinary, rectal, and spectrometry related biotech.