Prenetics

Prenetics Global LimitedType| Public

|

Traded as

| NASDAQ: PRE
ISIN| KYG722451229
Industry|

* Consumer Health
* Health and Wellness
* Genetic Testing
* DNA Sequencing

Founded| 2014
Founders|

* Danny Yeung
* Lawrence Tzang

Headquarters|

* Hong Kong
* United States

Key people

| Danny Yeung (CEO)[1]
Website| prenetics.com

Prenetics (NASDAQ:PRE) is a health sciences company headquartered in Hong Kong, with a presence in the United States. It focuses on early detection, prevention, and treatment of diseases, particularly cancer.

Its subsidiary brands include CircleDNA, Insighta and IM8.

## Contents

* 1 Company
* 2 Products and brands
* 3 COVID-19
* 4 References

## Company

One of the company's major investors was Alibaba founder Jack Ma.[2]

After listing, it struggled to turn a profit.[3][4] 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.[5]

Prenetics became the first Hong Kong based unicorn to list on Nasdaq following a merger with a Special-purpose acquisition company Artisan Acquisition Corp.[6][7]

## Products and brands

Subsidiary CircleDNA focuses on disease prevention rather than genealogy, launching a rapid DNA-based colon cancer screening product in 2016.[8] In 2019 it launched a line of at-home tests to be sold through retailers in Asia.[9]

In 2023, Prenetics announced a $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: a project called Insighta.[10][11][12] The early detection cancer test, Presight, was expected to begin clinical trials in 2024.[12], although as of 2025 no clinical trials have been announced.

In 2024, Prenetics partnered with investor David Beckham to form a new wellness brand, IM8.[13]

## COVID-19

Prenetics was one of three companies selected to provide testing support to the Hong Kong government.[2][14]

The company's UK operation provided COVID-19 testing to the Premier League to help them restart football amid the pandemic.[15][16] As part of so-called "project restart" the company hired former FIFA player Rio Ferdinand to reassure players about the safety of the plan.[17] Around the same time, the company also launched pop-up testing sites.[18]

## References

1. ↑ Sobti, Tara. "Prenetics’ Danny Yeung and Dennis Lo launch Insighta, an early cancer detection testing company" (in en). https://www.tatlerasia.com/power-purpose/others/danny-yeung-dennis-lo-insighta-joint-venture.
2. ↑ 2.0 2.1 "Jack Ma-backed Prenetics plots IPO after COVID-19 test success" (in en-GB). https://asia.nikkei.com/Business/Markets/IPO/Jack-Ma-backed-Prenetics-plots-IPO-after-COVID-19-test-success.
3. ↑ "Prenetics Global Limited (NASDAQ:PRE): Is Breakeven Near?" (in en-US). 2023-11-11. https://finance.yahoo.com/news/prenetics-global-limited-nasdaq-pre-143203359.html.
4. ↑ "Prenetics Global Limited (NASDAQ:PRE) Held Back By Insufficient Growth Even After Shares Climb 30%". 2024-01-07. https://simplywall.st/stocks/us/healthcare/nasdaq-pre/prenetics-global/news/prenetics-global-limited-nasdaqpre-held-back-by-insufficient.
5. ↑ "Prenetics Global Limited Announces Reverse Stock Split" (in en-US). 2023-11-01. https://finance.yahoo.com/news/prenetics-global-limited-announces-reverse-100000640.html.
6. ↑ Yang, Jing (September 15, 2021). "Prenetics, a Covid-19 Testing Startup, to Go Public in SPAC Merger". https://www.wsj.com/articles/prenetics-a-covid-testing-startup-to-go-public-in-spac-merger-11631745000.
7. ↑ "Hong Kong biotech Prenetics tumbles after Nasdaq debut" (in en-GB). https://asia.nikkei.com/Business/Markets/IPO/Hong-Kong-biotech-Prenetics-tumbles-after-Nasdaq-debut2.
8. ↑ "iGene: Hong Kong biotech start-up Prenetics bringing 48-hour DNA tests to broader Chinese market for safer prescriptions" (in en). 2016-04-04. https://www.scmp.com/tech/science-research/article/1932838/igene-hong-kong-biotech-start-prenetics-bringing-48-hour-dna.
9. ↑ Shu, Catherine (2019-07-29). "Prenetics partners with Watsons, one of Asia's largest personal care retailers, to sell its new consumer DNA tests" (in en-US). https://techcrunch.com/2019/07/29/prenetics-partners-with-watsons-one-of-asias-largest-personal-care-retailers-to-sell-its-new-consumer-dna-tests/.
10. ↑ "Exclusive: Hong Kong’s DNA pioneers launch blood tests to find cancer" (in en). 2023-06-26. https://www.scmp.com/business/china-business/article/3225286/cuhks-dennis-lo-launches-blood-tests-prenetics-group-find-cancer-cells-liver-and-lungs-propelling.
11. ↑ "Covid-Testing Unicorn Is Plotting Bets for Post-Virus World" (in en). Bloomberg.com. 2022-05-18. https://www.bloomberg.com/news/articles/2022-05-18/covid-testing-unicorn-is-plotting-bets-for-post-virus-world.
12. ↑ 12.0 12.1 Branca, Malorye (2023-06-29). "Dennis Lo and Prenetics Form Early Cancer Detection Firm Insighta" (in en-US). https://www.insideprecisionmedicine.com/news-and-features/dennis-lo-and-prenetics-form-early-cancer-detection-firm-insighta/.
13. ↑ "Prenetics, NASDAQ Health Sciences Company, Partners with David Beckham". 2024-07-11. https://ir.prenetics.com/news-releases/news-release-details/prenetics-nasdaq-health-sciences-company-partners-david-beckham.
14. ↑ "香港本地爆發迫近 政府考慮應否全民檢測新冠病毒" (in zh-hant). 2020-07-15. https://www.bbc.com/zhongwen/trad/science-53402970.
15. ↑ Carp, Sam (2020-05-11). "Premier League taps Prenetics for coronavirus testing in ‘UK£4m’ deal" (in en-GB). https://www.sportspromedia.com/news/premier-league-project-restart-coronavirus-tests-prenetics/.
16. ↑ Brown, David (2024-01-20). "Lab boss is suspect in police drug test inquiry" (in en). ISSN 0140-0460. https://www.thetimes.com/uk/healthcare/article/lab-boss-is-suspect-in-police-drug-test-inquiry-sst6633h6.
17. ↑ Cunningham, Sam (2020-05-18). "Exclusive: Ferdinand to convince players on Covid-19 test safety" (in en). https://inews.co.uk/sport/football/premier-league/rio-ferdinand-coronavirus-tests-testing-premier-league-project-restart-man-utd-428851.
18. ↑ Partridge, Joanna (2021-03-21). "Is this the future of office work – the pop-up car park Covid test pod?" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/world/2021/mar/21/is-this-the-future-of-office-work-the-pop-up-car-park-covid-test-pod.

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