Mirxes Holding Co. Ltd. Forms Joint Venture with Xeraya to Launch MYRNA Diagnostics in Malaysia

Reuters
Oct 06
Mirxes Holding Co. Ltd. Forms Joint Venture with Xeraya to Launch MYRNA Diagnostics in Malaysia

Mirxes Holding Co. Ltd. has announced the formation of a joint venture with Xeraya Opportunities Fund PCC Limited. The new entity, MYRNA DIAGNOSTICS SDN. BHD., will be owned 40% by Mirxes International Holding Limited, a wholly-owned subsidiary of Mirxes, and 60% by Xeraya. Both parties will contribute a total of approximately US$5 million in cash to the joint venture, in proportion to their respective shareholdings. The joint venture will focus on research, development, commercialization, and regulatory approval of diagnostic solutions, with the aim of improving early disease detection in Malaysia and the region. The partnership is in line with Mirxes' mission to expand access to innovative diagnostic technologies.

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