Malaysian Genomics Resource Centre Bhd 2020 AR2
The report outlines Malaysian Genomics Resource Centre Berhad's (MGRC) transition during the 2020 fiscal year, highlighting its divestment of clinical pathology subsidiary MPath Sdn Bhd for RM42 million. This strategic move allowed the company to refocus on its genetic screening services and enter the cancer immunotherapy market by acquiring exclusive distribution rights for CAR T-cell products in Southeast Asia. In response to the COVID-19 pandemic, MGRC developed a new genetic test, Dtect® Immune Health, and initiated online direct-to-consumer sales channels. The company also demonstrated its commitment to sustainability by aligning its operations with eight UN Sustainable Development Goals, including transitioning to energy-saving LED lighting and supporting community initiatives.
Company: Malaysian Genomics Resource Centre Bhd
Sector: Professional & technical services
Country: Malaysia
Year: 2020
Type: AR2
Pages: 142
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Malaysian Genomics Resource Centre Bhd
Annual Report
The report outlines Malaysian Genomics Resource Centre Berhad's (MGRC) transition during the 2020 fiscal year, highlighting its divestment of clinical pathology subsidiary MPath Sdn Bhd for RM42 million. This strategic move allowed the company to refocus on its genetic screening services and enter the cancer immunotherapy market by acquiring exclusive distribution rights for CAR T-cell products in Southeast Asia. In response to the COVID-19 pandemic, MGRC developed a new genetic test, Dtect® Immune Health, and initiated online direct-to-consumer sales channels. The company also demonstrated its commitment to sustainability by aligning its operations with eight UN Sustainable Development Goals, including transitioning to energy-saving LED lighting and supporting community initiatives.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management