Hoth Therapeutics Announces Merveille.ai Artificial intelligence Initiative For Drug Discovery; The New Wholly Owned Subsidiary Will Screen For Rare Disease Therapeutics
Portfolio Pulse from Benzinga Newsdesk
Hoth Therapeutics, Inc. (NASDAQ:HOTH) has announced its initiative to use Artificial Intelligence for drug discovery and screening its current pipeline. The company will form a new wholly owned subsidiary, Merveille.ai, to focus on this initiative and explore licensing opportunities for novel therapeutics for rare diseases.
October 05, 2023 | 2:06 pm
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Hoth Therapeutics' new initiative to use AI for drug discovery and screening could potentially enhance its pipeline and partnering opportunities. This could have a positive impact on the company's stock.
The announcement of Hoth Therapeutics' initiative to use AI for drug discovery and screening, and the formation of a new subsidiary to focus on this, indicates a strategic move to enhance its pipeline and partnering opportunities. This could potentially lead to the discovery of novel therapeutics for rare diseases, which could positively impact the company's stock in the short term.
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