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ByteDance spin-off Anew Labs raises US$290m as AI drug discovery funding surges in China
South China Morning PostLO·CN·about 22 hours ago
A new startup is planning clinical trials of a psychedelic-like compound targeting a Parkinson's disease symptom. The drug's efficacy and safety in humans remain unproven, and the development is at an early stage. This is notable for the biotech sector but not yet a major market event.