BioNexus Gene Lab Signs Southeast Asia MRD Commercialization Agreements

Reuters11-12
BioNexus Gene Lab Signs Southeast Asia MRD Commercialization Agreements

BioNexus Gene Lab Corp. (Nasdaq: BGLC) announced that it has entered into definitive agreements with Fidelion Diagnostics Pte. Ltd. and Tongshu Biotechnology (Hong Kong) Co., Limited to commercialize VitaGuard™, a tumor-naïve liquid-biopsy platform for minimal residual disease (MRD) detection, in Southeast Asia. The agreements include a Share Subscription and Shareholders' Agreement, as well as plans for an IP License Agreement that will grant BGLC exclusive commercialization rights across ASEAN. BGLC is expected to lead regulatory submissions and commercialization efforts, with an initial focus on Singapore and Malaysia. The collaboration aims to support MRD testing development and commercialization in the region through aligned ownership, licensing, and operational support. Completion of the transaction is subject to satisfaction of certain conditions precedent.

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