Thomas Fuchs, the Chief AI Officer at Eli Lilly (LLY), has joined the board of directors at GeneDx (WGS), a genomic testing company.
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At Eli Lilly, Fuchs leads the company’s artificial intelligence (AI) initiatives across drug discovery, clinical trials, manufacturing, and commercial activities. Prior to joining Eli Lilly, he served as the inaugural Chair for AI and Human Health at Mount Sinai Hospital.
“Dr. Fuchs’ experience scaling AI and machine learning infrastructure and algorithms for practical, high-impact applications in diagnostic medicine is invaluable,” GeneDx said in a press release announcing the board appointment.
Rare Diseases
Fuchs holds a doctoral degree in machine learning from the ETH Zurich institute and a Master’s in Mathematics from Graz Technical University in Austria. His career includes positions at Memorial Sloan Kettering Cancer Center, NASA’s Jet Propulsion Laboratory, and the California Institute of Technology (Caltech).
Fuchs joins the board of GeneDx after the company earlier this year launched an AI-powered decision support tool for genetic analysis. GeneDx claims to have one of the world’s largest rare disease data sets, which it uses to develop genomic tests for personalized healthcare. WGS stock has risen 215% over the last 12 months, while LLY stock has declined 17% in the same period.
Is LLY Stock a Buy?
The stock of Eli Lilly has a consensus Strong Buy rating among 22 Wall Street analysts. That rating is based on 17 Buy and five Hold recommendations issued in the last three months. The average LLY price target of $906.74 implies 19.38% upside from current levels.
