Big Phar­ma com­pa­nies join hands with Ama­zon on new Is­rael-based AI in­cu­ba­tor

What do Mer­ck, Pfiz­er, As­traZeneca and Te­va have in com­mon with Ama­zon? As of Wednes­day, they’re all join­ing forces with the Is­rael Biotech Fund to launch a new in­cu­ba­tor for star­tups walk­ing the line be­tween AI and drug de­vel­op­ment — and they’re gear­ing up to make some big in­vest­ments.

AION Labs plans to seed be­tween four and six new biotech com­pa­nies per year, start­ing in ear­ly 2022, CEO Mati Gill told End­points News. The funds should sup­port two to four years of run­way for each start­up.

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