Andrea Alms Video: Money in Motion 161 - AI Drug Development Market
TRANSCRIPT: Hello, my name is Andrea Alms. I'm a technology investor and financial manager and this is your money in motion. What is it? It is often known that the process of finding and developing new medicines is quite expensive. A new drug development can take anywhere from 9 to 14 years on average, and cost up to $2.6 billion.
Furthermore, very few medicines that are developed reach the market, with