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Insilico Medicine Completes $60 Million Funding; Will Build Robotic Drug Discovery Lab

publication date: Jun 6, 2022

Insilico Medicine, a Hong Kong AI-based company, completed a $60 million Series D financing. The company said it will allocate part of the funds to build a fully automated, AI-driven robotic drug discovery laboratory and a fully robotic biological data factory, which will complement its large library of curated data assets. Insilico partners with other biopharma companies, using its AI discovery technology to discover drugs more quickly and at lower cost than traditional methods. Last week, it announced China approval to start trials of sn idiopathic pulmonary fibrosis therapy for its own portfolio. More details....

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