Diaceutics opens regional Asia hub to capitalise on growing market

  • Diaceutics has just announced today (Thursday 17th January) the plans to open a new regional hub in Asia.

    With in the region of 300 targeted oncology drugs in late-stage development across major Asian markets, Diaceutics plan to support the launch of access to precision therapies across China, Japan, Hong Kong, and Taiwan. This move makes perfect business sense with more than 10% of the company’s reported annual revenues coming directly from the Asia market.

    The plans in place are to test the Asian market through patient testing data and working with pharmaceutical companies to work towards improving testing accuracy as well as turnaround times. The ultimate aim is that people in Asia will be able to avail of the appropriate treatment for them, giving them the best chance of recovery.

    The team that is heading up Diaceutics Asia comprises of six initial members holding roles ranging from data scientist to sales personnel. This latest development is another step in achieving international growth, with offices already in the US, UK and Ireland. The company's latest move is to a market that holds 10% of the company’s annual revenues.

    Diaceutics is on a mission to improve patient outcomes worldwide through better testing. With more than half of the world’s population residing in Asia, this is a natural step for us. We are excited to have a very skilled team of scientists and business people, who share the company’s vision of helping to improve patient outcomes through better testing”, states Damian Thornton, COO of Diaceutics.

    “We expect our presence in Asia will be buoyed by recent activity in the Chinese precision medicine market… the country is making a concerted effort to provide those who get sick access to the latest and most effective treatments”, continued Thornton.

    SOURCE: Diaceutics Press Release

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