Report reveals initial deployment of legacy systems has paved the way for imminent shift to modern software needed to accelerate AI-powered drug R&D
PHILADELPHIA, June 13, 2023 /PRNewswire-PRWeb/ -- Nearly three-fourths of life sciences organizations surveyed have invested in digital pathology to advance drug research and development (R&D), according to new research commissioned by Proscia®. Over half of these organizations (53%) still center their operations around legacy software systems primarily for basic image viewing despite growing adoption of artificial intelligence (AI) to accelerate the introduction of breakthrough therapeutics.
The "2023 Life Sciences Digital Pathology Adoption Survey" asked 40 senior executives from top pharmaceutical companies and leading contract research organizations (CROs) about their use of digital pathology, the benefits it has delivered, and its future impacts. The results collectively indicate a growing need to unify teams, applications, including AI, and pathology data with a modern software platform that drives all stages of R&D across the connected enterprise.
Specific findings include:
- Executives see digital pathology as a solution to R&D's biggest challenges. The average drug takes 10 to 15 years and costs $2.6 billion to introduce to patients.[1] It follows that improving collaboration, which leads to added efficiency and eliminates the cost of shipping glass slides among today's increasingly distributed research teams, and streamlining operations were cited as the top two reasons for going digital (83% of respondents). More generally, 80% of respondents see digital pathology as a means of overcoming lengthy timelines, and 68% view the technology as a way to cut costs.
- AI is already powering drug discovery and development. 82% of respondents that use digital pathology have begun to implement AI. Among them, 87% leverage image analysis applications to unlock new insights, and 65% have deployed process automation solutions that drive quality and efficiency by reducing mundane tasks. All other current digital pathology users surveyed have plans to adopt AI. Combined, these findings highlight an intensifying need for an enterprise pathology platform that incorporates a broad portfolio of AI applications into routine operations.
- Digital pathology is opening up a new data opportunity. 55% of respondents indicated that creating data assets is a key driver of their digital pathology investment. As pathology data informs every drug brought to market and each whole slide image contains over 1 billion pixels that can shape future breakthroughs, pharmaceutical leaders recognize the potential of this new source of real world data and should now consider how to fully incorporate it into their workflows.
"Our survey confirms that digital pathology has earned its place on the C-suite agenda across life sciences organizations," said David West, Proscia's CEO. "These executives see its promise and must now grow their implementations to realize its full potential today and in the future with modern software. As they do, we anticipate that the enterprise pathology platform will establish itself as a new standard for bringing innovative therapies to patients."
The "2023 Life Sciences Digital Pathology Adoption Survey" was conducted by Atheneum on Proscia's behalf. To read all of the findings, access the full report here.
About Proscia
Proscia is a software company that is accelerating pathology's digital transformation to change the way we understand diseases like cancer. Its Concentriq digital pathology platform and powerful AI applications are advancing the 150-year-old standard of research and diagnosis towards a data-driven discipline, unlocking new insights that accelerate R&D, improve patient outcomes, and fulfill the promise of precision care. Leading diagnostic laboratories and 14 of the top 20 pharmaceutical companies rely on Proscia's software each day. For more information, visit proscia.com.
[1] Pharmaceutical Researchers and Manufacturers of America. (2021, September 30). Research & Development Policy Framework. PhRMA Org. Retrieved May 9, 2023, from https://phrma.org/policy-issues/Research-and-Development-Policy-Framework
Media Contact
Mark Tordik, Proscia, 1 732-763-3078, mtordik@broadpathpr.com
SOURCE Proscia
Share this article