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Finish startup Algorithmiq and IBM to collaborate on quantum chemistry

13 nov. 2023 Hi-network.com

The Finnish startup Algorithmiq establishes new cooperation with IBM focused on leveraging the power of quantum computing for drug discovery and development.

On average, it currently takes around a decade and US$1 billion for a new drug to get to market. Algorithmiq's advances in this area are considered to reduce the time-to-market of new drugs significantly, and allow for more cost efficiency and better medical treatments.

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