‘ChatGPT for Doctors’ OpenEvidence Raises $250M, Quietly Pivots Into Drug Development - Wowtale
Article excerpt
The market for AI-powered clinical search is heating up. Publicly traded Doximity told investors its AI Scribe user base nearly tripled in a single quarter, while Abridge took a strategic equity investment from Eli Lilly and is expanding into clinical-trial patient recruitment. Even OpenEvidence, the company that built the “ChatGPT for doctors” category, isn’t immune to that pressure. OpenEvidence raised another $250 million, Forbes reported. The company itself never put out a press release. What stands out is how quietly it landed: unlike January’s Series D - a $12 billion valuation announced with a CNBC appearance for the CEO - this one surfaced as a single sentence buried inside a Forbes story about a hospital partnership. CEO Daniel Nadler told Forbes that OpenEvidence is moving into developing its own cancer drugs, with a first candidate entering clinical trials before year-end and three to five more next year, starting with rare cancers. Rather than go head-to-head with Eli Lilly or Pfizer on large trials, Nadler said the company is targeting “the stuff that they are not doing, and maybe can’t do” - the bet being that reaching most of America’s physicians makes it far easier to find the handful of patients a rare-disease trial needs. The partnership announced the same day is the first building block. MSK and OpenEvidence said they’re integrating OpenEvidence into...
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The new model family OpenEvidence unveiled earlier this month points the same direction.
