The Ledger
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Novartis spent years just cleaning healthcare data before running AI algorithms
“We've had to spend most of the time just cleaning the data sets before you can even run the algorithm. That's just taken us years just to clean the data sets. And I think people underestimate how little clean data there is out there and how hard it is”
Unstructured machine learning on clinical data lakes has failed to yield insights
“I mean, I think the holy grail of kind of having unstructured machine learning Go into big clinical data lakes and then suddenly find new insights. We've not been able to crack mostly because the data to link it up.”
Novartis executed $50 billion in deals in 2018
“We transacted in 2018 around fifty billion dollars of deals to really change the shape of the company.”
Narasimhan: Novartis averages an 8% to 10% clinical trial success rate
“We've actually been fortunate at our company. We average in that same metric about eight to 10%.”
Narasimhan: Novartis considers drug reimbursement early in development, not at launch
“It used to be, we think about reimbursement as we got to launch. Now we're thinking about it really early in development.”
Novartis CEO: Novartis previously ran an internal aging program targeting sarcopenia
“You know, we had actually an aging program, a small aging program for some time where we were trying to work on things like sarcopenia, which is muscle wasting and similar, similar kinds of conditions. It turns out to be very, very difficult to, because again,…”
Novartis built AI command center Sense to track global clinical trials
“So we've built an operational command center. Take us, as I said, two and a half years to build it. We call it sense. And what it enables us to do a team sitting centrally in our headquarters to look at all of our clinical trials in the world. And AI is predic…”