HK Stock Market Move | Legend Holdings (03396) rose more than 4% in the morning with ATLATL releasing an AI-empowered virtual incubator in the AI era, jointly creating an AI+Biotech innovation empowerment system.

Legend Holding (03396) rose more than 4% in the morning, rising by 4.21% to HK $10.39 by the time of publication, with a trading volume of HK $41.82 million. On the news front, according to a message from the LEGENDHOLDING official WeChat account, recently at the ChinaBio International Cooperation Conference in Shanghai, LEGENDHOLDING and ATLATL Dart Innovation Center ("ATLATL") jointly announced the launch of a new "Artificial Intelligence Era Biopharmaceutical Virtual Incubator" model, and discussed accelerating its implementation through global BioTech hackathons. This move signals their commitment to jointly build an AI+Biotech innovation empowerment system, aiming to promote the transformation of biopharmaceutical entrepreneurship from "heavy assets, long cycles, high risks" to "lightweight, high efficiency, low barriers", and to help cutting-edge innovations rapidly move from "Idea" to productization. Assistant Vice President of LEGENDHOLDING Ji Chaofeng pointed out that the deep penetration of AI technology is significantly improving the efficiency of key processes such as target discovery, molecular design, and preclinical research, providing crucial support for industry transformation. LEGENDHOLDING has been deeply involved in the healthcare sector for many years, with investments in 110 companies covering the entire industry chain of innovative drug development, medical device manufacturing, and the landing of medical services. However, high-quality resources in the upstream and downstream are still lacking effective integration platforms.