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BioNexus Gene Lab Corp. Signs Strategic Partnership MOU with Shenzhen Rongguang Group to Advance Cancer Screening, Precision Medicine, and Preventative Healthcare Solutions

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BioNexus Gene Lab Corp. (Nasdaq: BGLC) has signed a strategic partnership MOU with Shenzhen Rongguang Health Group to advance cancer screening, precision medicine, and preventative healthcare solutions. The collaboration, led by BGLC's subsidiary MRNA Scientific Sdn Bhd, aims to:

  • Expand cancer screening capabilities in Southeast Asia and China using advanced genomic testing and molecular diagnostics
  • Collaborate on R&D in regenerative medicine, including non-cellular exosome therapy
  • Improve preventative healthcare services and chronic disease management
  • Combine BGLC's diagnostic capabilities with Shenzhen Rongguang's healthcare platforms to create synergies in healthcare innovation

This partnership is expected to drive innovations in early detection, personalized healthcare solutions, and broader preventative care.

BioNexus Gene Lab Corp. (Nasdaq: BGLC) ha firmato un accordo di partenariato strategico con Shenzhen Rongguang Health Group per promuovere lo screening oncologico, la medicina di precisione e le soluzioni di assistenza sanitaria preventiva. La collaborazione, guidata dalla controllata di BGLC, MRNA Scientific Sdn Bhd, mira a:

  • Espandere le capacità di screening per il cancro nel Sud-Est asiatico e in Cina utilizzando test genomici avanzati e diagnostica molecolare
  • Collaborare nella ricerca e sviluppo nella medicina rigenerativa, inclusa la terapia con esomi non cellulari
  • Migliorare i servizi di assistenza sanitaria preventiva e la gestione delle malattie croniche
  • Combinare le capacità diagnostiche di BGLC con le piattaforme sanitarie di Shenzhen Rongguang per creare sinergie nell'innovazione sanitaria

Si prevede che questa partnership favorisca innovazioni nella diagnosi precoce, nelle soluzioni sanitarie personalizzate e in una cura preventiva più ampia.

BioNexus Gene Lab Corp. (Nasdaq: BGLC) ha firmado un memorando de entendimiento de asociación estratégica con Shenzhen Rongguang Health Group para avanzar en el diagnóstico del cáncer, la medicina de precisión y las soluciones de atención médica preventiva. La colaboración, liderada por la filial de BGLC, MRNA Scientific Sdn Bhd, tiene como objetivo:

  • Expandir las capacidades de diagnóstico del cáncer en el sudeste asiático y China utilizando pruebas genómicas avanzadas y diagnósticos moleculares
  • Colaborar en I+D en medicina regenerativa, incluida la terapia con exosomas no celulares
  • Mejorar los servicios de atención médica preventiva y la gestión de enfermedades crónicas
  • Combinar las capacidades de diagnóstico de BGLC con las plataformas de atención médica de Shenzhen Rongguang para crear sinergias en la innovación sanitaria

Se espera que esta asociación impulse innovaciones en la detección temprana, soluciones de atención médica personalizadas y una atención preventiva más amplia.

BioNexus Gene Lab Corp. (Nasdaq: BGLC)는 암 검진, 정밀 의학 및 예방 건강 관리 솔루션을 발전시키기 위해 Shenzhen Rongguang Health Group과 전략적 파트너십 양해각서를 체결했습니다. BGLC의 자회사인 MRNA Scientific Sdn Bhd가 이끄는 이번 협력의 목표는 다음과 같습니다:

  • 첨단 유전체 검사와 분자 진단을 활용하여 동남아시아와 중국에서 암 검진 능력을 확장하다
  • 세포가 아닌 외포 치료를 포함한 재생 의학에서 연구 및 개발 협력
  • 예방 건강 관리 서비스와 만성 질환 관리 개선
  • BGLC의 진단 능력을 Shenzhen Rongguang의 건강 관리 플랫폼과 결합하여 건강 관리 혁신에서 시너지를 창출하다

이번 파트너십은 조기 발견, 개인화된 건강 관리 솔루션 및 더 폭넓은 예방 치료에서 혁신을 주도할 것으로 기대됩니다.

BioNexus Gene Lab Corp. (Nasdaq: BGLC) a signé un protocole d'accord de partenariat stratégique avec le groupe Shenzhen Rongguang Health pour promouvoir le dépistage du cancer, la médecine de précision et les solutions de santé préventive. La collaboration, dirigée par la filiale de BGLC, MRNA Scientific Sdn Bhd, vise à :

  • Élargir les capacités de dépistage du cancer en Asie du Sud-Est et en Chine grâce à des tests génomiques avancés et à des diagnostics moléculaires
  • Collaborer sur la recherche et le développement en médecine régénérative, y compris la thérapie par exosomes non cellulaires
  • Améliorer les services de santé préventive et la gestion des maladies chroniques
  • Combiner les capacités diagnostiques de BGLC avec les plateformes de santé de Shenzhen Rongguang pour créer des synergies dans l'innovation en santé

Ce partenariat devrait favoriser l'innovation en matière de détection précoce, de solutions de santé personnalisées et de soins préventifs plus globaux.

BioNexus Gene Lab Corp. (Nasdaq: BGLC) hat eine strategische Partnerschaftsabsichtserklärung mit der Shenzhen Rongguang Health Group unterzeichnet, um das Krebs-Screening, die Präzisionsmedizin und präventive Gesundheitslösungen voranzubringen. Die Zusammenarbeit, geleitet von der Tochtergesellschaft von BGLC, MRNA Scientific Sdn Bhd, hat folgende Ziele:

  • Die Möglichkeiten des Krebs-Screenings in Südostasien und China mit fortschrittlichen genomischen Tests und molekularer Diagnostik zu erweitern
  • Forschung und Entwicklung in der regenerativen Medizin, einschließlich nicht-zellulärer Exosomtherapie, zu fördern
  • Präventive Gesundheitsdienste und das Management chronischer Krankheiten zu verbessern
  • Die diagnostischen Fähigkeiten von BGLC mit den Gesundheitsplattformen von Shenzhen Rongguang zu kombinieren, um Synergien in der Gesundheitsinnovation zu schaffen

Diese Partnerschaft wird voraussichtlich Innovationen in der Früherkennung, personalisierten Gesundheitslösungen und umfassenderen präventiven Maßnahmen vorantreiben.

Positive
  • Strategic partnership with major Chinese healthcare provider Shenzhen Rongguang Health Group
  • Expansion into Southeast Asian and Chinese markets for cancer screening and diagnostics
  • Potential for new revenue streams through advanced healthcare technologies and personalized medicine
  • Collaboration on R&D in regenerative medicine and exosome therapy, opening new treatment possibilities
Negative
  • None.

Insights

This strategic partnership between BioNexus Gene Lab Corp. and Shenzhen Rongguang Health Group signifies a promising development in the biotech sector. The collaboration's focus on cancer screening, precision medicine and preventative healthcare aligns with current industry trends. However, the lack of specific financial details or concrete timelines makes it challenging to quantify the immediate impact on BGLC's valuation.

The partnership's emphasis on genomic testing and molecular diagnostics could potentially lead to increased market share in the rapidly growing precision medicine market, estimated to reach $119.90 billion by 2026. The expansion into regenerative medicine and exosome therapy also opens up new revenue streams in the lucrative anti-aging sector. Investors should monitor for future announcements detailing specific products, revenue projections, or market penetration goals to better assess the partnership's potential impact on BGLC's growth trajectory.

The MOU between BGLC and Shenzhen Rongguang Health Group represents a strategic move to tap into the vast Chinese healthcare market, valued at approximately $1.1 trillion in 2020. This partnership could significantly expand BGLC's market reach, particularly in cancer screening and diagnostics. The collaboration aligns with China's "Healthy China 2030" initiative, which emphasizes preventative care and early disease detection.

However, investors should consider the challenges of entering the Chinese market, including regulatory hurdles and intense local competition. The success of this venture will largely depend on the partners' ability to navigate complex regulatory landscapes and differentiate their offerings in a crowded market. While the partnership shows promise, concrete metrics such as projected market share, revenue targets and regulatory milestones will be important for assessing its true potential impact on BGLC's future performance.

KUALA LUMPUR, Malaysia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- BioNexus Gene Lab Corp. (Nasdaq: BGLC, the “Company”), an emerging biotechnology company focused on innovative healthcare solutions, is pleased to announce the signing of a strategic partnership Memorandum of Understanding (MOU) with Shenzhen Rongguang Health Group, a major healthcare services provider in China. This partnership aims to expand the Company’s expertise and presence in cancer screening, precision medicine, and preventative healthcare through its subsidiary MRNA Scientific Sdn Bhd.

The partnership between the Company and Shenzhen Rongguang Health Group represents a significant step forward in developing advanced healthcare technologies, with a focus on early cancer detection, personalized healthcare solutions, and broader preventative care. By combining the strengths of the Company’s proprietary molecular diagnostics and Shenzhen Rongguang Health Group’s healthcare infrastructure, the collaboration will drive innovations in early detection, regenerative medicine, and chronic disease management.

Key Objectives of the Partnership

The strategic partnership will allow both companies to leverage their expertise to address critical healthcare challenges and improve patient outcomes. The primary goals include:

  1. Expansion of Cancer Screening and Diagnostics: MRNA Scientific Sdn Bhd, a subsidiary of BGLC, will lead efforts to enhance cancer screening capabilities across Southeast Asia and China. By introducing advanced genomic testing and molecular diagnostics, the partnership will enable earlier detection of cancers and other diseases, improving survival rates and treatment effectiveness.
  2. Research and Development in Regenerative Medicine: Both companies will collaborate on research and development in advanced healthcare technologies, including non-cellular exosome therapy and regenerative medicine. These cutting-edge treatments offer new possibilities for anti-aging therapies, chronic disease management, and personalized health solutions, extending beyond cancer detection into broader healthcare innovations.
  3. Preventative Healthcare and Chronic Disease Management: The partnership will explore opportunities to improve preventative healthcare services, focusing on managing chronic conditions, enhancing patient quality of life, and offering personalized healthcare plans based on advanced diagnostics. This aligns with the global trend toward precision medicine and healthcare that is tailored to individual genomic profiles and risk factors.
  4. Synergy in Technological Innovation: The collaboration will combine the Company’s diagnostic capabilities with Shenzhen Rongguang Health Group’s established healthcare platforms to create synergies in healthcare innovation. This will allow both companies to introduce new healthcare technologies that improve the detection, prevention, and treatment of various diseases, while expanding access to these solutions in underserved markets.

Sam Tan, CEO of BioNexus Gene Lab Corp, stated:
"This partnership marks a pivotal moment for BGLC and our subsidiary, MRNA Scientific Sdn Bhd. By joining forces with Shenzhen Rongguang Health Group, we are not only advancing our efforts in cancer screening but also expanding into the broader healthcare sector with cutting-edge solutions for preventative medicine and regenerative healthcare. This will enable us to deliver superior healthcare outcomes for patients across Asia."

About BioNexus Gene Lab Corp.

BioNexus Gene Lab Corp. (BGLC) is an emerging biotechnology company focused on providing innovative solutions in healthcare. BGLC is committed to advancing precision medicine, early diagnostics, and cutting-edge therapies to improve patient care and outcomes.

For more information, please visit www.bionexusgenelab.com.

Contact Information:

Investor Relations
BioNexus Gene Lab Corp
Email: ir@bionexusgenelab.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f640e01-d514-4a61-8b9a-292e8cd58d47


FAQ

What is the purpose of BGLC's partnership with Shenzhen Rongguang Health Group?

The partnership aims to advance cancer screening, precision medicine, and preventative healthcare solutions by combining BGLC's diagnostic capabilities with Shenzhen Rongguang's healthcare infrastructure in Southeast Asia and China.

How will BGLC expand its cancer screening capabilities through this partnership?

BGLC's subsidiary MRNA Scientific Sdn Bhd will lead efforts to enhance cancer screening capabilities by introducing advanced genomic testing and molecular diagnostics across Southeast Asia and China.

What areas of research and development will BGLC focus on with Shenzhen Rongguang Health Group?

The partnership will focus on R&D in regenerative medicine, including non-cellular exosome therapy, anti-aging therapies, and chronic disease management, extending beyond cancer detection into broader healthcare innovations.

How does this partnership align with BGLC's business strategy?

This partnership aligns with BGLC's strategy to expand its presence in the healthcare sector, particularly in cancer screening, precision medicine, and preventative healthcare, while also entering new markets in Southeast Asia and China.

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