Novartis works with Microsoft on artificial intelligence
Novartis has selected Microsoft as its new strategic artificial intelligence (AI) and data science partner. With the collaboration, the Basel pharmaceutical giant aims to bolster its AI capacities and promote the development of transformative medicines.
Novartis Campus. (Img: Novartis)
Novartis has founded the Novartis AI Innovation Lab, announced a statement. In a strategic partnership, the Basel pharmaceutical company will work with Microsoft on research and development with two core objectives. Firstly, it will empower every Novartis employee to apply and use AI applications. Secondly, it will use AI to tackle existing challenges in life sciences.
To achieve these aims, Novartis and Microsoft will develop AI platforms to support future programs, while investing in projects, experts, technologies and tools. Novartis wants to continue evolving into a focused medicines company powered by advanced therapy platforms and data science, according to CEO Vas Narasimhan in the statement. “Pairing our deep knowledge of human biology and medicine with Microsoft’s leading expertise in AI could transform the way we discover and develop medicines for the world,” he said.
Satya Nadella, CEO of Microsoft, explained that the strategic alliance would address some of the biggest challenges facing the life sciences industry today and could help discover new medicines and reduce patient costs.
Share this article
You might also be interested in
A research project is investigating the improvement in the condition of patients who have been hospitalized due to COVID-19. docdok.health based in Basel is contributing the smartphone app for the project.Read More
The Allschwil-based pharmaceutical company Idorsia receives a payment of 45 million US dollars as part of an agreement with Neurocrine Biosciences and shall also be entitled to claim milestone payments in future. Neurocrine has exercised a licensing option for a drug developed by Idorsia to treat epilepsy..Read More
Roche has received Emergency Use Authorization in the USA for an antibody test in connection with the novel coronavirus. The tests are already being distributed around the world. In May, production capacities are to already be scaled up to the high double-digit million area.Read More
Basel is valued as a location for company headquarters. In a rating from the fDi Intelligence platform of the Financial Times, Basel achieves eighth place in Europe. No other Swiss city does better.Read More
The investment and innovation promotion agency Basel Area Business & Innovation, previously known as BaselArea.swiss, can look back on a successful year in 2019. In this regard, positive developments in the healthtech sector and in Switzerland Innovation Park Basel Area stand out.Read More
The University Hospital Basel is the first Swiss hospital to have treated two Covid-19 patients with the plasma from a patient who has recovered from the virus, which means that they are receiving the appropriate antibodies. This method is a potential therapeutic option.Read More