U.S. Markets open in 2 hrs 44 mins

Google and Drugmaker Sanofi to Join Forces on Data Technologies

James Paton
(Bloomberg) -- Alphabet Inc.’s Google will bring its artificial-intelligence and cloud-computing capabilities to a new partnership with pharma giant Sanofi.The project is aimed at accelerating the discovery of new medicines, increasing the understanding of what treatments work for patients and making Sanofi’s operations more efficient, the Paris-based drugmaker said in a statement Tuesday. The companies didn’t provide financial details.The pact is the latest sign of increasing collaboration between the technology and health-care industries. Pharma companies like Sanofi are teaming up with AI specialists, hiring data scientists or even snapping up tech startups in a bid to become faster and more efficient as costs rise.The new partnership will allow Sanofi to come up with more personalized approaches to treatment, the company said. The drugmaker and Google also plan to apply artificial intelligence to forecast sales and improve marketing and supply efforts.To contact the reporter on this story: James Paton in London at jpaton4@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

(Bloomberg) -- Alphabet Inc.’s Google will bring its artificial-intelligence and cloud-computing capabilities to a new partnership with pharma giant Sanofi.

The project is aimed at accelerating the discovery of new medicines, increasing the understanding of what treatments work for patients and making Sanofi’s operations more efficient, the Paris-based drugmaker said in a statement Tuesday. The companies didn’t provide financial details.

The pact is the latest sign of increasing collaboration between the technology and health-care industries. Pharma companies like Sanofi are teaming up with AI specialists, hiring data scientists or even snapping up tech startups in a bid to become faster and more efficient as costs rise.

The new partnership will allow Sanofi to come up with more personalized approaches to treatment, the company said. The drugmaker and Google also plan to apply artificial intelligence to forecast sales and improve marketing and supply efforts.

To contact the reporter on this story: James Paton in London at jpaton4@bloomberg.net

To contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Timothy Annett

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.