The Food and Drug Administration (FDA) has unveiled plans to progressively phase out animal testing in the development of monoclonal antibodies and other medications, transitioning instead to more human-centric and efficient research methods, including computer modeling. This decision has sparked a notable decline in the Hang Seng Innovative Medicines Index and associated ETFs, while simultaneously elevating the share prices of AI-driven pharmaceutical firms like Schrödinger and Recursion Pharmaceuticals. The capital market exhibits a favorable view towards the substitution of animal testing with AI technology.
