Stock Track | YSB Shares Soar on Acquisition of Folding Space for $156 Million

Stock Track10-16

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

The acquisition is seen as a strategic move for YSB to expand its capabilities in 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 deal, which is expected to bolster YSB's bioinformatics and computational biology offerings. 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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