InSilico Medicine climbs as chairman plans to buy shares
BUZZ-InSilico Medicine climbs as chairman plans to buy shares ** Shares of InSilico Medicine Cayman TopCo 3696.HK climb 7.4% to HK$50.5, their highest level since August 10
** Stock set for the biggest one-day pct gain since August 25 in the second rising session
** Second biggest pct gainer in Hang Seng Biotech Index .HSBIO, which gains 0.7%
** The AI-driven drug discovery and pipeline development group says chairman Aleksandrs Zavoronkovs initiates plan for purchase of company shares in the open market using his personal funds, to reflect his confidence in the company's future development prospects
** The share purchases will take place during September 2026, with an estimated total amount up to HK$16 million ($2.04 million) - co
** YTD, stock up 33.9%, benchmark Hang Seng Index .HSI up 0.4%
($1 = 7.8399 Hong Kong dollars)
(Reporting by Donny Kwok)
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