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    COMPANY:
    Prenetics

    i
    Other names: ACT Genomics | Prenetics Ltd. | Prenetics | Prenetics Limited | PRENETICS | PRENETICS LIMITED
    Related tests:
    Evidence

    News

    2ms
    Prenetics announces Tencent’s US$30 million investment in Insighta, strengthening strategic partnership for AI-Driven early cancer detection (Prenetics Press Release)
    "Prenetics Global Limited...announced that Tencent has made a strategic US$30 million investment in Insighta...This investment values Insighta at US$200 million and underscores Tencent’s endeavor to advancing AI-powered innovations in healthcare."
    Financing
    over1year
    Prenetics and globally renowned scientist Prof. Dennis Lo establish US$200m joint venture “Insighta” for breakthrough multi-cancer early detection screening (Prenetics Press Release)
    "Prenetics Global Limited...and Prof. Dennis Lo...announce they have entered into an agreement to establish a joint venture named Insighta...Insighta is powered by technology developed by the Centre for Novostics which is supported by the InnoHK Initiative of the Innovation and Technology Commission of the Hong Kong SAR Government."
    Licensing / partnership
    almost2years
    Prenetics Owned ACT Genomics Receives FDA Clearance for ACTOnco, the First Asia-Based Company to Receive Clearance for a Comprehensive Genomic Profiling Test for All Solid Tumors (Prenetics Press Release)
    "Prenetics Global Limited...today announced that ACT Genomics, a company which Prenetics recently acquired a majority stake in, has received clearance from the U.S. Food and Drug Administration (FDA) for ACTOnco, the company’s comprehensive genomic profiling test for solid tumors. ACTOnco is intended for use by healthcare professionals to help them inform clinical management decisions in accordance with professional guidelines for cancer patients with solid tumors. This is the first and only Asia-based company to receive FDA clearance for a comprehensive genomic profiling test."
    FDA event
    |
    ACTOnco
    2years
    Prenetics Acquires ACT Genomics, Creating a Leader in Comprehensive Cancer Genetics and Precision Oncology (Prenetics Press Release)
    "Prenetics Global Limited...announced that it is acquiring a majority stake in ACT Genomics Holdings Company Limited ('ACT'), an Asia based genomics company specializing in precision oncology with operations in Hong Kong, Taiwan, Japan, Singapore, Thailand and in the UK....Under the terms of the transaction agreement, Prenetics has agreed to issue 19.9 million shares of Prenetics’ class A ordinary shares and pay $20 million in cash for a majority stake in ACT. Prenetics expects ACT to contribute approximately US$25-30 million in revenues in 2023."
    M&A
    over2years
    New Horizon Health, Prenetics to launch colorectal cancer test in Hong Kong, Macau, Taiwan (Genomeweb)
    "New Horizon Health and Prenetics said...that they are partnering to launch their ColoClear noninvasive colorectal cancer test in Hong Kong, Macau, and Taiwan...ColoClear, which was developed by New Horizon and was recently cleared by China's National Medical Products Administration (NMPA), is a stool-based DNA test specifically designed to detect colon cancer in individuals of Asian descent...The companies said...that ColoClear will now launch in Hong Kong next month, followed by Macau and Taiwan. The partnership includes an option to expand into Southeast Asia."
    Licensing / partnership • Launch non-US
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    ColoClear