Case Study: Formation Bio accelerates drug discovery with Elicit

How Formation Bio accelerated its drug-discovery pipeline using Elicit

Formation Bio, a tech-driven pharmaceutical company, faced a significant challenge in manually extracting complex clinical definitions from 2,500 scientific papers. This traditional process would have required hundreds of expert hours, creating a major bottleneck that delayed critical drug development and the progression of new treatments to patients.

To solve this, Formation Bio integrated Elicit into its AI-native drug development platform. Using Elicit, the company was able to extract complex data, including over 40 technical statistical variables from research papers, with researcher-level accuracy. The results were substantial, with tasks being completed an order of magnitude faster; a review of 1,600 papers was finished in about 10 hours instead of hundreds. Elicit enabled the company to accelerate its pipeline and make more informed decisions five times faster than typical processes.

Formation Bio

Sandeep Basnet

Senior Director of Clinical Development