We are excited to share that Ignota Labs was included in Sifted’s list of 11 drug discovery startups to watch, according to VCs.
Investing in drug development is a game of patience — currently, getting a new drug to market can take between 10 and 15 years, according to Cancer Research UK.
But artificial intelligence might be about to speed that up… dramatically. More startups are using AI to boost the drug discovery process, creating platforms to make finding new drugs that target underserved conditions quicker and more efficient. And there’s money to be made: a recent Sifted briefing found that the global market is currently valued at around $11bn, and is projected to shoot to $188bn by 2030.
So, which startups could be leading the charge when it comes to AI drug discovery? Investors from H Tree Capital, General Catalyst, Norrsken VC and AlbionVC share the (non-portfolio) companies worth watching.
Read more:
‘11 drug discovery startups to watch, according to VCs’ can be read in full at Sifted.
Author: Sadia Nowshin
Published: 4 October 2023 by Sifted
