INSILICO Stock Surges Over 7% Against Market Trend on AI Model Launch and Inclusion in Stock Connect

Stock News03-09

INSILICO (03696) rose more than 7% against the broader market trend. As of the time of writing, the stock was up 6.76%, trading at HKD 59.25, with a turnover of HKD 196 million. The increase follows the company's recent announcement of a strategic partnership with Liquid AI, a firm specializing in Liquid Foundation Models (LFM). The collaboration aims to develop a lightweight scientific foundation model tailored for pharmaceutical research. Concurrently, the partners unveiled their first achievement: the LFM2-2.6B-MMAI (v0.2.1) model. This model marks a departure from the traditional approach of stitching together multiple single-function models. Instead, it is a single model that has demonstrated industry-leading performance across multiple drug discovery benchmarks and is capable of handling key tasks in various specialized application scenarios. Notably, the Shenzhen Stock Exchange announced an adjustment to the list of securities eligible for the Southbound Stock Connect program, effective March 9. INSILICO has been included in this list, which is expected to lead to a potential re-rating of the company's value.

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