Drug Giant AstraZeneca Launches Evinova to Quicken Clinical Trials - Decrypt
Evinova aims to use AI to design studies, automate cost calculations, and determine feasibility for drug testing....
- AstraZeneca has announced the spin-off of a new digital health company called Evinova.
- Evinova will operate independently within the AstraZeneca ecosystem and focus on developing AI-enabled digital technologies for medicine development.
- The digital health market is projected to be worth $900 billion by 2032, and AstraZeneca believes progress in this field is crucial for reducing healthcare costs.
- Evinova's initial focus will be on designing and running clinical trials, with the help of artificial intelligence (AI).
- AI can assist in study design, automate cost calculations, determine trial feasibility, and speed up decision-making processes.
- Other tech giants like Microsoft, Google, Amazon, and Meta have also heavily invested in AI.
- AI models have shown potential in diagnosing and treating diseases, such as CNS tumors and cancer cells.
- Evinova aims to deliver science-based, evidence-led, and human experience-driven solutions to improve patient experience and outcomes.
The overall sentiment of the article is positive. It highlights the potential benefits of digital health, AI-enabled technologies, and the launch of Evinova in improving patient care and healthcare transformation.