This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Health Pro subscribers. To receive the full story plus other insights each morning, click here . France-based pharma giant Sanofi is teaming up with Google to use the tech giant's AI and cloud-computing tools in a new Innovation Lab, per Bio Space. The goal of the partnership is threefold: to speed up drug discovery, maximize operational flows, and improve the patient experience. Using AI to streamline complex and costly processes is a budding trend within the pharma industry. Pharma giants are rushing to get a hold of AI. Eli Lilly struck a $560 million deal with San Francisco-based AI developer Atomwise — which also holds partnerships with Merck and AbbVie — to accelerate drug discovery earlier this month, and AstraZeneca tied up with UK-based BenevolentAI in May. It makes sense for pharma companies to lean on tech that makes drug development more efficient: Drug makers shell out $2.6 billion to develop a new prescription medication and bring it to market, up from the $1 billion it cost in the early 2000s.