Insilico Medicine advances Middle East push with UAE AI drug discovery deal

Shares of Insilico rose as much as 12.8 per cent in morning trading on Thursday before paring gains to close 8.6 per cent higher at HK$56.10. The advance outpaced the benchmark Hang Seng Index, which edged up 0.3 per cent. The agreement was reached during the World Health Expo in Dubai between February 9 and 12, about two weeks before the United States and Israel launched joint military strikes on Iran on February 28. Those strikes triggered retaliatory missile and drone attacks targeting cities hosting US military assets across the Gulf, including Dubai and Abu Dhabi. The Hang Seng Index…