CTFH and Insilico Medicine embark on USD 200m AI novel drug discovery deal



China-based Jiangsu Chia Tai Fenghai Pharmaceutical Co.Ltd. (CTFH) has entered into an artificial intelligence (AI) technology development service agreement with Hong Kong-headquartered Insilico Medicine, encompassing complex and difficult drugs traditionally nigh-impossible to design. The partnership, designed to ramp up the treatment of triple negative breast cancer patient and other developments, includes an upfront payment, milestone payments and sales performance rewards, amounting to USD 200 million upon successful cooperation.

CTFH, a foreign-funded holding company born out of the merging of Charoen Pokphand Group, a.k.a. C.P. Group and Jiangsu Nongken Group Co., Ltd (GBI translation), develops various preparations and active pharmaceutical ingredients (APIs) covering infection, respiratory, digestive, cardiovascular and cerebrovascular, neuropsychiatric, special medicine, and anti-tumor, among other treatment fields.

Meanwhile, Insilico Medicine, an AI-enabled drug discovery firm, boasts of a business presence covering US, UK, China, Russia, South Korea, and Nigeria.

Reference:
AI

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