[The Business Times] Singapore biotech startup NYB bets on AI drug discovery platform to unlock revenue

After investing six years in R&D, NYB is heading to Nasdaq via a US$1.5 billion SPAC deal as it lands its first client.

Drug development typically takes six to 10 years just to identify a viable molecule, but Singapore biotech firm NYB reckons it can do the job in six minutes.

Originally founded as a biopharma startup to develop cancer and cardiovascular therapies, the company simultaneously spent six years building an artificial intelligence (AI) platform to accelerate its own drug discovery work.

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