> Let’s say AI increases the rate of good pharma ideas by 10x. Well, until the FDA gets its act together, the relevant constraint is the rate of drug approval,

> Let’s say AI increases the rate of good pharma ideas by 10x. Well, until the FDA gets its act together, the relevant constraint is the rate of drug approval, not the rate of drug discovery. IIUC, the FDA is slow on purpose. Because proving drugs aren't worse than the problems they treat takes several phases of large trials. Even if AI could cure all cancers tomorrow, I hope we still maintain a proven scientific method to QA that before releasing it widely.