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flag Lilly partners with Insilico Medicine for AI drug development deal.

flag Eli Lilly has agreed to a potential $2.75 billion deal with Hong Kong-based Insilico Medicine to use AI for drug discovery. flag Lilly will gain rights to develop drugs created by Insilico, which uses artificial intelligence to design new therapies, while Insilico receives an upfront payment of $115 million and additional payments based on the drugs' success.

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