MGI Tech Co., Ltd. and NGeneBio Co., Ltd. signed a memorandum of understanding (MOU) to expand the commercial access of NGeneBio's cancer testing products globally. This strategic partnership will enable the integration of NGeneBio's advanced diagnostic assays with MGI's high-throughput sequencing technology to accelerate the development and application of cutting-edge sequencing products in the field of precision medicine, improving patient access to precise diagnostics and personalized treatment options. Under the MOU, NGeneBio's NGS cancer precision diagnosis products will be applied to MGI's sequencing platform DNBSEQ-G99 to provide healthcare professionals access to a powerful and reliable tool for precision diagnosis and personalized treatment.

In addition, the two parties will also join forces in various regional clinical trials and collaborations across the APAC region to strengthen the accessibility and commercialization of cost-effective and state-of-the-art NGS solutions through MGI's extensive network of partners and distributors. The field of precision medicine is growing rapidly, with NGS technology playing a crucial role in enabling personalized diagnosis and treatment. MGI's DNBSEQ-G99 sequencer is known for its fast speed and high accuracy, making it an ideal platform for NGS-based precision diagnosis.

NGeneBio's expertise in NGS-based precision diagnosis assay platforms will complement MGI's advanced sequencing platforms, creating a powerful synergy aimed at advancing precision medicine. Overall, the partnership between MGI and NGeneBio represents a significant step towards advancing precision medicine in the region. By combining their expertise and technologies, the two companies aim to make NGS-based precision diagnosis more accessible, cost-effective, and impactful in healthcare settings.

Through their joint efforts in clinical trials, commercialization, and business development, MGI and NGeneBio will contribute to the growth of precision medicine and improve patient outcomes across Asia and beyond.