The9 Limited (NCTY) has released an update.
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The9 Limited, an established Internet company, has expanded its investment in WM Therapeutic, a firm specializing in AI-driven precision medicine for brain diseases, by acquiring an additional 21.7% stake, reaching a total ownership of 30%. The9’s investment includes $1.5 million in cash and over 250 million restricted shares, with future options to increase their stake to 51% under certain conditions. WM Therapeutic’s innovative platform leverages AI for drug discovery and diagnostics in disorders such as depression, anxiety, and Alzheimer’s, collaborating with top pharmaceutical and insurance companies.
For further insights into NCTY stock, check out TipRanks’ Stock Analysis page.
