News
Governor Hochul Announces $50 Million Preclinical Drug Discovery “Lab of the Future” in New York City
Overview
Governor Kathy Hochul today announced the establishment of a $50 million pilot “Lab of the Future” in Midtown Manhattan that will rely on automation, artificial intelligence, and machine learning to make the preclinical drug discovery process faster, more data-driven and cost-effective. The laboratory will be developed by Deerfield Discovery and Development, a Deerfield Management Company subsidiary, and the project is supported by a $25 million Empire State Development grant. The new lab will enable New York State to leverage the commercial potential of these advanced technologies and further build the state’s life science ecosystem.
The Big Picture
Automation, Artificial Intelligence, and Machine Learning Will Facilitate Faster, More Effective and More Efficient Drug Discovery for Life Science Companies.
Lab Will Help Reverse a Decades-Long Trend of Outsourcing Critical Drug Discovery Research and Enhance New York’s Domestic Capabilities and Capacity.
