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Insilico Medicine: Expands AI-Driven CNS Research Collaboration with Yuanyi Biotech, with Total Potential Value Reaching Up to $94.75 Million
Mars Finance News, March 26 — Yingxi Intelligent announced on the Hong Kong Stock Exchange that it has reached an expanded AI-driven R&D collaboration with Tenacia Biotechnology (Hong Kong) Co., Limited (“Yuan Yi Biotech”). According to the terms of the agreement, both parties will use generative AI to develop an innovative candidate molecule with specific properties targeting challenging neurological diseases, and advance it to the preclinical candidate drug (PCC) stage to meet differentiated clinical needs. The total transaction amount for this expanded collaboration could reach up to $94.75 million. Yingxi Intelligent is expected to receive recent payments and milestone payments from Yuan Yi Biotech. (Company Announcement)