,Singapore

Dr. Allen Lai of ACT Genomics Singapore Pte Ltd wins Executive of the Year - Biotechnology at the SBR Management Excellence Awards 2018

The award recognises and honors trailblazers who have brought significant impact and business gains for their company’s operations.

Dr. Lai has led ACT Genomics Singapore's Southeast Asia market penetration, sustainable growth, and capacity building. ACT aims to place Singapore on the world map for cancer diagnostics. It looks to develop total solutions for cancer precision management in Singapore that is on demand and improve treatment outcomes by providing more actionable therapeutic options. The business grew more than 10 times and has attracted global investors in its fundraising rounds.

According to Dr. Lai, ACT Genomics Singapore’s cancer diagnostics platform was listed in more than 100 hospitals in Southeast Asia within two years. The company’s revenue has grown substantially to more than 10 times.

“This award affirms the business direction and business model that ACT Genomics Singapore leads. With new markets opening up later this year and next year, we expect a strong growth in our business across emerging markets. We are honored to be recognized in Singapore for spearheading cutting edge molecular diagnostics and benefit more cancer patients at local and from the region,” Dr. Lai said.

Apart from cancer diagnostics services, ACT Genomics Singapore also facilitated the launch of Thailand’s first molecular tumor board at Horizon Cancer Centre, Bumrungrad International Hospital. Employing a multi-disciplinary modality in cancer treatment, the tumour board allows cancer specialists to advance their knowledge and adoption of cancer profiling technology, in turn benefitting cancer patients in their cancer survival.

“The information provided by ACT Genomics is comprehensive yet concise allowing easy interpretation,” Sunway Medical Centre medical oncologist Dr. Tho Lye Mun said, who has utilised the firm’s NGS-based genomic profiling services for his patient. “With the excellent services from ACT Genomics, I trust they will be the choice of NGS Genomics testing service provider that oncologists will engage.”

Dr. Lai’s efforts at ACT Genomics Singapore has also led him to receive the leadership award by Frost & Sullivan for molecular diagnostics product line strategy in Asia Pacific 2017. He has also been invited to speak in several plenary sessions, including the Annual Oncology Conferences, Continuous Medical Education (CME) sessions, Financial Times Healthcare Summit 2017, and Medical Technology Asia Pacific Convention 2017.

The Singapore Business Review Management Excellence Awards was held on November 22, 2018 at the Conrad Centennial Singapore. The award honours the country's most outstanding business leaders, including trailblazing individuals and teams whose initiatives have brought tangible business gains for their company's operations.

The 2018 nominees were judged by a panel consisting of Henry Tan, Managing Director at NEXIA TS; David Chew, Executive Director, Risk Advisory Deloitte Southeast Asia, Lim Wei Wei, Partner, Practice Leader, Governance, and Risk at Baker Tilly TFW; Pardeep Singh Khosa, Director of Dispute Resolution at Drew & Napier; and Yang Eu Jin, Partner and Co Head of Capital Markets Practice at RHTLaw Taylor Wessing LLP.

If you would like to join the 2019 awards and be awarded as one of the most outstanding management executives of Singapore, please email julie@charltonmediamail.com.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

ARA LOGOS is currently on the 13th spot.
Meanwhile, the demand for petrochemical exports benefitted from this same crisis.
This is expected to speed up the electronic exchange of trade documents.
This is in support of achieving Absolute Zero Carbon by 2040.
Adults will only shop if goods are discounted by at least 48%, survey says.   About 54% of 1,001 Singaporean adults have plans to shop during the Black Friday sales but only if prices of goods are discounted by at least 48%, a survey from Finder.com showed.
This move is in line with its goal to accelerate recommerce growth in SEA.
The notes were released under its $3m Multicurrency Medium Term Note Programme.
Singtel showed the most growth.
Re-exports also saw an increase of 16.4% in the same month.
The marine company apologised to its workers at the dorm.
SG electricity demand peaked at 7,667MW in October 2021.
The two aim to accelerate the progression of AI.
It will focus on sustainable opportunities for companies in Singapore.
Cargo load factor, however, was down by 1.6% YoY to 97.3%.
Despite this, KF pegs their estimated total sales for the year at 13,000 units.