We are creating some awesome events for you. Kindly bear with us.

HKSTP Companies Merge to Boost HK’s Healthcare Tech

Image Credits: HKSTP, Press Release

The Hong Kong Science and Technology Parks Corporation (HKSTP) announced recently that a leading cancer solution provider in Asia has merged with a lung cancer diagnostics company in Hong Kong and Thailand; both are park companies of HKSTP and are located in the Hong Kong Science Park. The merger is set to create an integrated oncology diagnostic powerhouse in Asia and unleashes the global potential of healthcare technology (health-tech) in Hong Kong, the Greater Bay Area and beyond.

The next-generation oncology diagnostic powerhouse will offer a wide range of innovative and state-of-the-art products for both tissue and liquid-based tests, multiple diagnostic technology platforms including NGS, digital PCR and gene chips. The portfolio also includes services covering cancer types at all different stages in clinical applications as well as assisting pharmaceutical companies in companion diagnostics development and drug discovery.

According to recent cancer statistics, there were an estimated 19.3 million new cancer cases and 9.9 million cancer deaths that occurred worldwide in 2020, among which 49.3% of all cases and 58.3% of cancer deaths are estimated to have occurred in Asia.

The combined group has four wholly-owned laboratories, two in Hong Kong, one in Taipei and one in Bangkok, among which three (Hong Kong and Taipei) are CAP-accredited. The group also has a CAP-accredited laboratory in Kanagawa under a joint venture with a medical equipment company based in Japan as well as one more newly formed laboratory in Taipei under another joint venture a medical technology manufacturer in Belgium on IHC/Flow Cytometry.

The CEO of the leading cancer solution provider in Asia stated that the union of ACT Genomics and Sanomics will significantly broaden our horizon in terms of product offerings, business strategy and vision. The combined group will be better able to take advantage of our respective clear leadership positions and form a next-generation oncology diagnostics powerhouse with a keen devotion to ESG in Asia, he noted.

The Chairman of the lung cancer diagnostics company stated that their team is ready to make meaningful contributions to the enlarged group with their technical expertise, especially in the field of lung cancer, as well as firsthand clinical experience. The synergy and combined resources will enable them to provide more comprehensive solutions and better services to clinicians and put patients first. This merger will enable us to further extend our reach to more patients and pharmaceutical companies in further geographies.

HKSTP awarded both companies with Elite Program funding. On top of the solid endorsement given by industry experts, the grants have been fully used in Research & Development which is the core value of the enlarged group’s culture in technology excellence.

The CEO of HKSTP noted that as the Park approaches 20 years of leading innovation in Hong Kong, they will continue to forge the strongest I&T ecosystem to support all park companies grow and thrive. The merger of two health-tech pioneers in Science Park signifies the continuous growth of a vibrant ecosystem and health-tech market.

With the government’s support and new infrastructure and talent in place, Hong Kong is primed for lift-off as health-tech businesses expand and spearhead development in the Greater Bay Area and beyond, he added.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend