Stock Track | YSB Soars 5.4% After Announcing $156 Million Acquisition of Folding Space

Stock Track10-16

Shares of YSB Inc (09885) surged 5.43% to close at a new high on Tuesday, following the company's announcement of acquiring Folding Space (Cayman) for RMB 1.035 billion ($156 million).

The acquisition will allow YSB to expand into the growing field of computational geometry and protein folding simulation. Folding Space is a leading provider of software for modeling the complex 3D structures of biomolecules like proteins and nucleic acids.

Investors applauded the strategic move, which will bolster YSB's capabilities in bioinformatics and computational biology. The addition of Folding Space's technology could open up new revenue streams for YSB in areas like drug discovery, protein engineering, and structural biology research.

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