✉news HealthMedicine first seen 4 h ago, last 44 min ago, peak #32
Insilico Medicine signs multimillion AI drug discovery deal
Original: Insilico Medicine strikes tens-of-millions AI co-development deal with unnamed foundation-model lab
Insilico Medicine, the Hong Kong-based clinical-stage biotech known for using generative AI in drug discovery, has struck a co-development deal worth tens of millions of dollars with an unnamed foundation-model laboratory. The partnership will focus on building AI models for drug development. The identity of the partner lab has not been disclosed.
Why now: The deal signals growing collaboration between big AI labs and biotech firms, drawing attention to AI-driven drug discovery.
Evidence
- Insilico Medicine strikes tens-of-millions AI co-development deal with unnamed foundation-model lab · app.dealroom.co
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