Value Partners Group Leads $34 Million Series A Investment in PHASE Scientific to Advance Urine-Based Diagnostic Technology

Reuters
May 20
Value Partners Group Leads $34 Million Series A Investment in PHASE Scientific to Advance Urine-Based Diagnostic Technology

Value Partners Group Limited has led a significant equity investment in PHASE Scientific International Limited, resulting in a US$34 million Series A funding round. This marks the largest Series A raise in Asia's diagnostic technology sector since 2019. The investment aims to accelerate the research and development and commercialization of PHASE Scientific's innovative urine-based diagnostic technology, which targets early detection of multiple cancers, women's health issues, and infectious diseases. Dr. Chuen Yan Leung, Partner at Value Partners Group, expressed confidence in PHASE Scientific's breakthrough technology and its potential to transform early disease detection.

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