
With the average pre-tax cost of each new prescription drug estimated at almost $2.6 billion11.Tufts Center for the Study of Drug Development, “Briefing: Cost of Developing a New Drug,” November 18, 2014, . . Today we’re witnessing the simultaneous maturing of numerous breakthrough technologies—genomics, nanotechnology, sensors and the Internet of Things, big data and advanced. . Now, as we look toward the future of R&D ten years ahead, we glimpse an entirely new vista: a world where drug discovery is driven by machine learning and advanced analytics mining large data sets, enabling us to understand and. . What then needs to be done and how do we set about architecting the digital transformation to achieve this vision? We believe that there are. [pdf]
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