Insilico Medicine Cayman Announces Drug Discovery Collaboration With Takeda Worth Up To $600 Million

Insilico Medicine Cayman TopCo HKEX:3696:

• VOLUNTARY ANNOUNCEMENT INSILICO MEDICINE AND TAKEDA ACHIEVED STRATEGIC AI-POWERED DRUG DISCOVERY COLLABORATION WORTH UP TO USD600 MILLION

• TAKEDA GRANTED EXCLUSIVE WORLDWIDE RIGHTS TO DEVELOP AND COMMERCIALIZE COLLABORATION THERAPEUTICS

• DEAL VALUE UP TO USD600 MILLION INCLUDING USD60 MILLION IN UPFRONT AND NEAR-TERM PAYMENTS