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When Peter Carr, principal software architect of Lantern Pharma, stepped into his full-time role in September 2020, the company was on the cusp of a transformation. While AI had been a focus for a number of years, a fresh infusion of cash provided a possibility of expanding its AI capabilities and machine learning capabilities to drive down the cost of drug development in oncology.Founded in 2012, the company went public in June 2020, raising $26 million. By the time he officially joined, Carr was already familiar with its operations, having previously worked as a consultant in 2019 to help set up the infrastructure. Carr joined full-time to help the company “expand their use of AI and machine learning for target discovery and patient stratification,” he recalled.
The challenge: Siloed researchWhile the company had experience in using A…