Daewoong Pharmaceutical expands AI into drug formulation design with $4M project
Summary
Daewoong Pharmaceutical has launched a $4 million project, funded by the South Korean government, to expand the use of artificial intelligence (AI) in drug formulation design. Selected as the lead institution for the Ministry of Trade, Industry and Energy's initiative, Daewoong aims to develop an AI-based optimal design platform for modified-release and combination formulations, collaborating with universities and AI firms. This project, set to run until December 2029, intends to shift pharmaceutical formulation from traditional, experience-based methods to a data-driven approach, leveraging AI to recommend suitable formulations based on desired drug characteristics. As the pharmaceutical industry increasingly integrates AI beyond drug discovery, this project reflects broader governmental support for AI applications in manufacturing processes, with hopes of commercializing the technology through a subscription platform for external pharmaceutical firms.