Company type | Public |
---|---|
NYSE: PRE | |
Industry | |
Founded | 2007
![]() |
Founders | Avi Lasarow |
Headquarters | Hong Kong |
Key people | Danny Yeung ( CEO) |
Website |
www |
Prenetics (NASDAQ:PRE) is a company that offers genetic profiling services.
One of its major investors was Alibaba founder Jack Ma. [1] It listed on the NASDAQ exchange via a Special-purpose acquisition company. [2] [3]
Since listing, it has not been able to turn a profit. [4] [5] In October 2023 it announced a 1 for 15 reverse stock split so it could regain the stock exchange's required US$1 per share stock price. [6]
Danny Yeung serves as CEO of Prenetics. [7]
Its subsidiary CircleDNA focuses on disease prevention rather than genealogy. For example, in 2016 it launched a rapid DNA-based colon cancer screening product. [8] In 2019 it launched a line of at-home tests to be sold through retailers in Asia. [9]
In 2023 it announced $200 million joint venture with the Chinese University of Hong Kong and molecular biologist Dennis Lo to launch DNA testing for several major diseases and cancers. [10] [11] Lo and Prenetics are working together to create a new company, Insighta, that will focus on their cancer detection work. [12] The early detection cancer test, Presight, will begin clinical trials in 2024. [12] The company claims that by 2027 patients will be able to test for more than 10 types of cancer with a single blood test. [13] Danny Yeung will serve as CEO of Insighta and Lo will serve as chairman. [12]
Prenetics was aggressive in marketing Covid testing capacity. It was one of three companies, and the only one from Hong Kong, selected to provide COVID-19 testing support to the Hong Kong government. [1] [14] It also had plans to participate in a Covid passporting scheme. [15]
Its UK arm provided COVID-19 testing to the Premier League to help them restart football amid the pandemic. [16] [17] As part of so-called "project restart" the company hired former FIFA player Rio Ferdinand to reassure players about the safety of the plan. [18] Around the same time, the company also launched pop-up testing sites for a flexible workspace provider. [19]
<reflist>
Company type | Public |
---|---|
NYSE: PRE | |
Industry | |
Founded | 2007
![]() |
Founders | Avi Lasarow |
Headquarters | Hong Kong |
Key people | Danny Yeung ( CEO) |
Website |
www |
Prenetics (NASDAQ:PRE) is a company that offers genetic profiling services.
One of its major investors was Alibaba founder Jack Ma. [1] It listed on the NASDAQ exchange via a Special-purpose acquisition company. [2] [3]
Since listing, it has not been able to turn a profit. [4] [5] In October 2023 it announced a 1 for 15 reverse stock split so it could regain the stock exchange's required US$1 per share stock price. [6]
Danny Yeung serves as CEO of Prenetics. [7]
Its subsidiary CircleDNA focuses on disease prevention rather than genealogy. For example, in 2016 it launched a rapid DNA-based colon cancer screening product. [8] In 2019 it launched a line of at-home tests to be sold through retailers in Asia. [9]
In 2023 it announced $200 million joint venture with the Chinese University of Hong Kong and molecular biologist Dennis Lo to launch DNA testing for several major diseases and cancers. [10] [11] Lo and Prenetics are working together to create a new company, Insighta, that will focus on their cancer detection work. [12] The early detection cancer test, Presight, will begin clinical trials in 2024. [12] The company claims that by 2027 patients will be able to test for more than 10 types of cancer with a single blood test. [13] Danny Yeung will serve as CEO of Insighta and Lo will serve as chairman. [12]
Prenetics was aggressive in marketing Covid testing capacity. It was one of three companies, and the only one from Hong Kong, selected to provide COVID-19 testing support to the Hong Kong government. [1] [14] It also had plans to participate in a Covid passporting scheme. [15]
Its UK arm provided COVID-19 testing to the Premier League to help them restart football amid the pandemic. [16] [17] As part of so-called "project restart" the company hired former FIFA player Rio Ferdinand to reassure players about the safety of the plan. [18] Around the same time, the company also launched pop-up testing sites for a flexible workspace provider. [19]
<reflist>