The importance of artificial intelligence and machine learning (AI/ML) has not been lost on drug development companies. Recently, to help accelerate the discovery of therapies to treat COVID-19, several deals have been established to help deploy those tools.
The circuit breakers activated almost immediately when the markets opened this morning as the Dow plummeted, with investors moving into cash and away from equities. Clearly, they were not impressed with the Federal Reserve’s decision to slash its benchmark interest rate to nearly 0% to help combat the economic fallout from the coronavirus outbreak.
Several companies are awaiting regulatory decisions from the FDA over the next several months. BioWorld will periodically feature a chart of Drugs on Deck that show upcoming PDUFA dates. The current month includes four products that are waiting in the wings to treat diverse indications such as multiple sclerosis, migraine and renal disease.