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Eli Lilly reaches $2.75B deal with Insilico

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U.S. pharmaceutical corporation Eli Lilly has reached a $2.75 billion deal with Hong Kong-based Insilico Medicine.

Under the deal, Eli Lilly will help bring drugs developed using artificial intelligence to the global market.

Insilico is slated to receive $115 million up front.

Read more from CNBC.

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