Lilly sold on "one stop" AI platform with $250 million agreement

31 May 2023

Chinese artificial intelligence company XtalPi has agreed terms for a $250 million collaboration with Eli Lilly (NYSE: LLY).

The AI drug discovery project will leverage XtalPi's integrated AI capabilities and robotics platform, ID4Inno, to design and deliver drug candidates.

The company is working on so-called "dry lab" algorithms together with large-scale "wet lab" robotics, and has developed a proprietary set of techniques that Lilly hopes to leverage against an undisclosed target.

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