New generation lab opens in Hong Kong to further cancer treatment solutions
ACT Genomics Holdings Co., Ltd , an innovation-driven cancer solution provider in Asia opened its third Next Generation Sequencing (“NGS”) laboratory at Hong Kong Science Park yesterday ( July 4, 2019) -the innovation and technology centre spearheaded by the Hong Kong Science and Technology Parks Corporation.ACT has offices in Hong Kong, Taiwan, Singapore & Tokyo.
ACT Genomics, with its cutting-edge NGS platform, provides cancer patients with personalised genomic information based-treatment plans. The platform is capable of detecting multiple genomic alterations using a single tissue sample within a single test run. When used together with sophisticated bioinformatics analysis tools, curated proprietary medical informatic databases and data visualization technologies, it can match identified mutations with not only approved therapies but also targeted therapies in clinical trials, or facilitate “precision medicine” treatment.
Apart from the laboratory in Hong Kong, the Group also has laboratories in Taiwan and Japan serving the Asia market. With more than 7,800 samples sequenced, the Group has built a comprehensive cancer genomic database in Asia covering 20 different types of cancer.
The opening ceremony was officiated by Ms Annie CHOI, Commissioner for Innovation and Technology; Mr Albert WONG, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation (HKSTP); together with Dr Hua Chien CHEN, Chief Executive Officer, Dr Shu Jen CHEN, Chief Scientific Officer, and Mr Victor CHAN, Chief Financial Officer of ACT Genomics.
“With over 31,000 new cancer cases in Hong Kong every year, it is crucial for cancer treatment solutions to stay on the cutting edge, and that is the mission of ACT Genomics” stated Dr Hua Chien CHEN, Chief Executive Office of ACT Genomics. “We are here to change the existing cancer treatment model and make cancer more manageable. Our NGS platform provides physicians with essential references for prescribing the most appropriate and effective treatment to a patient; many of Hong Kong’s private sector oncologists are ordering our services for their patients. We intend to draw from our successful experience in Taiwan and replicate it in Hong Kong with the help of this new world class NGS laboratory.”
Dr Hua Chien CHEN, Chief Executive Officer of ACT Genomics
The Group’s new NGS laboratory in Hong Kong is equipped with dual sequencing platforms (Ion GeneStudio S5 System and NextSeq 550 System), which boast both speed (quick turnaround time for clinical reports) and throughput (high volume or depth for research purposes). The 7,000 square feet laboratory is supported by a workforce of about 40 sales, medical science and research and laboratory work employees. It is designed and built to serve the clinical, pharmaceutical and research communities in the city and Asia, and aspires to capture the tremendous opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area in the future.
With innovation and technology (“I&T”) topping the HKSAR Government’s policy agenda and biotech research being a key strength of Hong Kong, ACT Genomics also plans to partner with various research institutes to help support the development of Hong Kong into a world-class research centre for healthcare and biotech in Asia.
“We have confidence in the growth potential of the industry for two reasons. Firstly, there are about 33% more new cancer cases in Hong Kong when compared with a decade ago, increasing on average 2.9% each year, and new cases are going to keep climbing given Hong Kong’s aging and growing population. Secondly, the global oncology drug market has been growing fast and is expected to be worth US$190 billion in 2022, doubling that in 2016, according to industry reports. This means the number of approved targeted/immuno-therapeutic drugs is expected to increase notably in the next few years, and the number of companion diagnostic (CDx) tests for specific biomarkers is also expected to rise.” he said.
“On top of enhancing our clinical capability, the new laboratory can serve pharmaceutical companies in such areas as biomarker and target discovery, drug development and clinical trials, allowing the Group to capture tremendous business opportunities going forward, not just in Hong Kong and Macau, but also other cities in the Greater Bay Area.”
Officiating at the opening ceremony were Mr Victor CHAN, Chief Financial Officer of ACT Genomics; – Mr Albert WONG, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; Dr Hua Chien CHEN, Chief Executive Officer of ACT Genomics; – Ms Annie CHOI, Commissioner for Innovation and Technology
Dr Shu Jen CHEN, Chief Scientific Officer of ACT Genomics.
Mr Albert WONG, Chief Executive Officer of HKSTP, congratulated ACT Genomics for its successful laboratory opening, “We warmly welcome ACT Genomics to our vibrant innovation and technology ecosystem at Hong Kong Science Park. Biomedical technology is one of our fastest growing clusters with over 120 companies and incubatees engaging in multiple disciplines such as diagnostics, therapeutics and medical devices. With leading biotechnology solution providers like ACT Genomics joining our community, we foresee unlimited opportunities for collaborations and co-creations with synergies, as well as expanding the clustering effect of attracting more talent and companies to the Park” he added.
Source:Hong Kong Science and Technology Parks Corporation