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3696 — Insilico Medicine Cayman TopCo News Story

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HK-listed InSilico Medicine climbs as chairman buys shares

BUZZ-HK-listed InSilico Medicine climbs as chairman buys shares  

** Shares of AI-driven drug discovery and pipeline development group InSilico Medicine Cayman TopCo 3696.HK climb 4.7% to HK$52.85

** InSilico says its chairman and key shareholder Aleksandrs Zavoronkovs purchased a total 113,500 shares between September 4 and 7 in the open market with his own funds

** Zavoronkovs holds 46.757 million shares, or 8.02%, of the company's issued share capital after the deal and he intends to acquire more shares subject to market conditions and his investment plans - company

** YTD, stock up 39.5%, Hang Seng Biotech Index .HSBIO up 8.5%



(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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