Menarini Group licenses AI-developed cancer drug from Insilico Medicine for up to $550M.

Menarini Group has entered a second exclusive global license agreement with Insilico Medicine for an AI-discovered preclinical asset targeting unmet needs in oncology. The deal includes a $20 million upfront payment, with the total value exceeding $550 million, plus royalties. The asset, a small molecule inhibitor targeting solid tumors, was developed using Insilico's AI platform and has shown promise in preclinical testing.

2 months ago
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