Deep Learning

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AI Slashes Drug Development Costs by 70% But Faces Scrutiny as No AI-Discovered Drug Has Yet Won FDA Approval

AI Slashes Drug Development Costs by 70% But Faces Scrutiny as No AI-Discovered Drug Has Yet Won FDA Approval

Jul 21, 2026
Axios

AI is slashing drug development costs by up to 70% and driving a projected $1 billion surge in new biopharma spending, but critics warn that no AI-discovered drug has yet received FDA approval, and the industry's notorious 90% failure rate may persist if human biological variability isn't properly addressed before …

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