On July 13, Insilico Medicine rose 5.09% in regular trading, trading at HKD 45.94 per share, with turnover of HKD 168 million.
On the news front, the company announced it has entered into a strategic collaboration agreement with Concord Medical (CMS) in the central nervous system (CNS) therapeutic area. Under the agreement, Insilico Medicine will combine its validated AI-powered Pharma.AI platform with Concord's R&D expertise and disease-area experience to jointly advance innovative drug development. Insilico is eligible to receive milestone payments totaling up to approximately RMB 1.2 billion, along with revenue sharing based on net sales of commercialized products.
This partnership marks another significant step in the company's accelerating commercialization momentum. In recent weeks, Insilico secured a deal with Takeda Pharmaceutical valued at up to $600 million, a $2.5 billion collaboration with SK Biopharmaceuticals in neuroimmune disorders, and initiated a Phase 3 clinical trial for its lead AI-discovered candidate Rentosertib. The company also issued a positive profit alert projecting H1 revenue of $103-107 million, representing growth of approximately 273-287% year-over-year, with a swing to net profit of $33.5-39.5 million.
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