Oct 24, 2024 09:20 AM
CX DAILY
CX Daily: Smash IPO Doesn’t Shake Investors’ AI Pharma Doubts
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pictureA visitor checks out a booth at the World Artificial Intelligence Conference in Shanghai on July 5. Photo: VCG
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In Depth: Smash IPO doesn’t shake investors’ AI Pharma doubts
Drug researcher QuantumPharm Inc. recently made headlines for becoming the first-ever Chinese artificial intelligence (AI) pharma company to go public and the first firm to list under a new rule that aims to encourage more tech IPOs.
Many saw the listing, reportedly Hong Kong’s third-largest this year, as a welcome sign that investors were beginning to take an interest in AI pharma again after a prolonged funding drought.
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