I'm a noob on this topic, but I think drug discovery is more amenable to this structurally than other problems. Simulating biology is what we were doing with protein folding before Alphafold, and the search space was far too large to find stuff in reasonable timeframes. Alphafold showed that you could take a physical process and make a neural net clever enough to learn just enough structure that it starts finding things we might care about, and still physically accurate, much faster.

Drug discovery is similar AFAIK. The space of possibilities is even larger than protein folding, but it's structurally similar enough that I think AI will help to make progress on the discovery side. Actually getting the drug tested and approved is another matter though for sure.

The real issue is that biology needs actual experiments done in the physical world, which isn't nice and orderly and well behaved and easily loadable onto a 19" rectangular box.