Predicting drug approvals: The Novartis data science and artificial intelligence challenge
Author(s)
Siah, Kien Wei; Kelley, Nicholas W; Ballerstedt, Steffen; Holzhauer, Björn; Lyu, Tianmeng; Mettler, David; Sun, Sophie; Wandel, Simon; Zhong, Yang; Zhou, Bin; Pan, Shifeng; Zhou, Yingyao; Lo, Andrew W; ... Show more Show less
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We describe a novel collaboration between academia and industry, an in-house data science and artificial intelligence challenge held by Novartis to develop machine-learning models for predicting drug-development outcomes, building upon research at MIT using data from Informa as the starting point. With over 50 cross-functional teams from 25 Novartis offices around the world participating in the challenge, the domain expertise of these Novartis researchers was leveraged to create predictive models with greater sophistication. Ultimately, two winning teams developed models that outperformed the baseline MIT model-areas under the curve of 0.88 and 0.84 versus 0.78, respectively-through state-of-the-art machine-learning algorithms and the use of newly incorporated features and data. In addition to validating the variables shown to be associated with drug approval in the earlier MIT study, the challenge also provided new insights into the drivers of drug-development success and failure.
Date issued
2021-08Department
Sloan School of Management. Laboratory for Financial Engineering; Sloan School of Management; Massachusetts Institute of Technology. Department of Electrical Engineering and Computer ScienceJournal
Patterns
Publisher
Elsevier BV
Citation
Siah, Kien Wei, Kelley, Nicholas W, Ballerstedt, Steffen, Holzhauer, Björn, Lyu, Tianmeng et al. 2021. "Predicting drug approvals: The Novartis data science and artificial intelligence challenge." Patterns, 2 (8).
Version: Final published version