GenScript Says AI Drug Discovery Business Doubled in First Half
GenScript Biotech Corporation announced in a press release first half revenue of about US$404.2 million on a comparable basis, up 27.3% year over year. Adjusted net profit rose 203.3% to about US$62.5 million.
The company said its AI enabled drug discovery business doubled year over year and continued rapid growth for a third consecutive half year reporting period. GenScript cited demand from AI focused biotechnology companies and pharmaceutical innovators.
GenScript said Gene-to-Protein accounted for about 66% of GenScript Life Science Group revenue. The platform supports discovery, experimental validation, early development, and production support.
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