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3696 — Insilico Medicine Cayman TopCo News Story

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InSilico jumps on collaboration to develop biological frontier foundation models

BUZZ-InSilico jumps on collaboration to develop biological frontier foundation models   

** Shares of InSilico Medicine Cayman TopCo 3696.HK jump 7.2% to HK$65.2, the highest level since May 12

** Stock of AI-driven drug discovery and pipeline development group on track for third straight session of gains

** InSilico enters into collaboration with a frontier foundation model lab, with contract value of tens of millions of U.S. dollars, to co-develop, validate, commercialize a series of frontier foundation models engineered for biological research

** The collaboration will build specific foundation models for generative biology and the parties have established a revenue-sharing framework to drive global commercialization across their respective biopharmaceutical partner networks - co

** YTD, stock up 72.9%, Hang Seng Biotech Index .HSBIO up 15.9%



(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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