Making its debut on the fourth annual Financial Times ranking of 500 of Asia-Pacific’s high-growth companies, INEX Innovate – the pioneering healthcare technology company targeting women’s health – is one of only 20 healthcare companies listed in the prestigious line up.
SINGAPORE, April 11, 2022 /PRNewswire/ — Emerging from the National University of Singapore (NUS), INEX Innovate is a Singapore-based molecular diagnostics developer and medical laboratory operator.
The company was founded by a team of specialists in feto-maternal care and women’s oncology, and is uniquely positioned to identify and address the clinically unmet needs within the women’s and foetal health landscape across Asia.
Chief Executive, Kane Black remarked, “To be recognised by the Financial Times as one of Asia Pacific’s Fastest Growth companies, and the 7th Fastest Growing Health Care companies across Asia-Pacific, is a testament to the INEX team’s dedication and commitment to advancing healthcare for women in Asia. We are excited to be at the forefront of genetics and genomics, arguably the two next significant trends after electric cars and space travel.”
With 48 key patents, 12 trademarks and a wholly owned clinical laboratory, iGene Laboratory, INEX looks well-placed to continue catering to a largely underserved market well into the future.
“Our aim is to provide easier access to less invasive diagnostic tests to help women in Asia get detected and treated early for health concerns such as ovarian or breast cancer. Simply put, we develop non-invasive diagnostic tests to banish much of the anxiety associated with such tests,” added Black.
INEX has been lauded for its cutting-edge technology in women’s health, and in 2021 was awarded Frost & Sullivan’s Singapore Women’s Health Entrepreneurial Company of The Year.
Through innovative molecular diagnostics, INEX has become a leader in the field of foetal cells isolation in maternal blood, and is one of only four experts globally that is focused on non-invasive prenatal diagnostics. It recently developed LEXI™, a breakthrough prenatal diagnostic technology that will allow the analysis and identification of genetic disorders, and is slated to be ready by 2023.
INEX switched gears briefly during the pandemic to cope with the demand for polymerase chain reaction (PCR) tests and COVID-19 test kits. By mobilising their clinical laboratory iGene Laboratory into action, the company quickly became one of Singapore’s first private laboratories to begin PCR testing for COVID-19 in 2020, and has tested hundreds of thousands of patients since.
Backed by institutional investors, the company focuses on developing and translating technologies that aim to deliver precision healthcare for women in Asia, and may well be one of the more significant unicorns to emanate from Singapore anew.
With expansion plans also under way across South-East Asia, EU, United Kingdom and United States, INEX is eyeing an IPO on the Singapore Exchange (SGX) later this year.
About INEX Innovate
Emerging from the National University of Singapore (NUS), INEX Innovate is a Singapore-based molecular diagnostics developer and medical laboratory operator. Founded by veteran maternal foetal medicine specialists, INEX is uniquely positioned to identify and address clinically unmet needs within women’s and foetal health landscape. Backed by institutional investors, INEX focuses on developing and translating technologies that aim to deliver precision healthcare for women in Asia.
For more information visit: www.inex.sg
Support Independent Community Journalism
Dear Reader,The Indian Sun exists for one reason: to tell stories that might otherwise go unheard.
We report on local councils, state politics, small businesses and cultural festivals. We focus on the Indian diaspora and the wider multicultural community with care, balance and accountability. We publish in print and online, send regular newsletters and produce video content. We also run media training programs to help community organisations share their own stories.
We operate independently.
Community journalism does not have the backing of large media corporations. Advertising revenue fluctuates. Platform algorithms change. Costs continue to rise. Yet the need for credible, grounded reporting in a multicultural Australia has never been greater.
When you support The Indian Sun, you support:
• Independent reporting on issues affecting migrant communities
• Coverage of local and state decisions that shape daily life
• A platform for small businesses and community groups
• Media training that builds skills within the community
• Journalism accountable to readers
We cannot cover everything, but we work to cover what matters.
If you value thoughtful reporting that reflects Australia’s diversity, we invite you to contribute. Every donation helps us maintain the quality and consistency of our work.
Please consider making a contribution today.
Thank you for your support.
The Indian Sun Team
