HK-listed XtalPi jumps most in 4 weeks on Stanford University's tie-up
BUZZ-HK-listed XtalPi jumps most in 4 weeks on Stanford University's tie-up ** Shares of XtalPi Holdings 2228.HK jump 9.9% to HK$7.58, on track for biggest one-day pct rise since August 20
** Stock hits highest level since August 28; second biggst pct gainer in Hang Seng Biotech Index .HSBIO, which climbs 1.6%
** The Hong Kong-listed drug and material science R&D solutions provider says its unit LCC Technologies has entered into a drug discovery collaboration agreement with the Board of Trustees of the Leland Stanford Junior University
** The collaboration is disease-agnostic and will bring together Stanford University's disease biology research and LCC Technologies' automated and AI-driven small molecule discovery platform to accelerate development of new medicines -- XtalPi
** YTD, stock down 19.7%, benchmark Hang Seng Index .HSI down 3.3%
(Reporting by Donny Kwok)
Recent news on XtalPi Holdings
See all newsFactbox: Pharma sector doubles down on AI to slash costs, timelines
Hong Kong-listed XtalPi climbs as chairman buys shares
Brief: XtalPi Says Chairman Purchases 3.8 MLN Shares From Oct 7 To Oct 15
Brief: XtalPi Reports Chairman Wen Shuhao Purchases 1.3 Million Shares on Oct 7
XtalPi hits near 4-month high as chairman plans to buy shares