Prenetics Group (PRE) has released an update.
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Prenetics Group announced a significant US$30 million investment by Tencent in its early cancer detection venture, Insighta, highlighting a strategic partnership to enhance AI-driven healthcare solutions. This infusion of capital values Insighta at US$200 million and reduces Prenetics’ stake, providing resources for further technological advancements and commercialization of its cutting-edge FRAGMA technology. Insighta’s progress in non-invasive cancer detection positions it well for future growth, potentially revolutionizing early cancer diagnosis.
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