Licensing Deal With Johns Hopkins Boosts Bullfrog AI Shares

The shares of BullFrog AI Holdings Inc. jumped 82% to $8.53 on Tuesday after the company announced it has entered into a worldwide license agreement with Johns Hopkins University's Applied Physics Laboratory for the rights to the patented technology be used in bfLEAP, the AI platform developed by BullFrog.

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This platform was developed by BullFrog AI Inc., a company based in Gaithersburg, Maryland. The company used its bfLEAP platform to analyze and interpret data relating to the development of drugs in order to make potentially life-saving therapies and treatments available more quickly to patients.

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It is alleged that BullFrog's technology performs better in benchmarking tests than the well-known algorithms that are based on the same patented technology. In spite of the complexity and diversity of the data sets, the algorithms used by BfLEAP have been able to detect anomalies, patterns and relationships in datasets that may be incomplete, contain both numerical data and categorical data that can provide explanations.

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On the 14th of February, BullFrog AI shares commenced trading on the Nasdaq stock exchange.