30 June 2023
Kwok Yih & Chan is proud to have advised on and facilitated a ground-breaking life science joint venture that could change the future of cancer detection. The firm advised and represented world-renowned scientist Professor Dennis Lo in setting up “Insighta”, a US$200 million joint venture with Prenetics Global Limited (NASDAQ: PRE), to commercialise Professor Lo’s breakthrough “FRAGMA” technology and scientific findings in detecting multiple cancers at their early stages. Professor Lo’s party and Prenetics will each hold a 50% equity stake in Insighta.
As a leading independent Hong Kong law firm, Kwok Yih & Chan has a deep understanding of the legal complexities involved in bringing novel scientific inventions to market. The firm’s Dieter Yih and Peggy Cheung, leading a team of lawyers at Kwok Yih & Chan, worked closely with Professor Lo and his team to navigate the complex legal landscapes.
“Insighta” is expected to have a significant impact on the healthcare industry, and Kwok Yih & Chan is proud to have played a critical role in its creation. “Professor Lo is a brilliant scientist and a valued client of our firm. His scientific findings are going to be game-changing in the fight against cancer, and we are thrilled to continue our relationship with him and to have helped him bring his life-saving technology to the market,” said Peggy Cheung, leading Intellectual Property consultant at the firm.
Dieter Yih, a founding partner at Kwok Yih & Chan, added, “Our understanding of the life sciences industry, coupled with our expertise in mergers and acquisitions, allowed us to provide timely, effective and productive legal support necessary to make this deal happen.”
Kwok Yih & Chan’s expertise in the life sciences industry and its mergers and acquisitions capabilities have been recognised by clients and peers alike. The firm has been involved in numerous licensing arrangements and collaborations between academic institutions and the commercial sector. This experience allowed the firm to provide effective legal support in navigating complex legal landscapes. “Our clients’ businesses are often built around novel scientific inventions, and protecting those inventions is critical to their success,” said Peggy Cheung. “We work closely with our clients to understand their unique needs and provide tailored legal solutions that meet those needs and challenges.”
The Kwok Yih & Chan team involved were Peggy Cheung, Dieter Yih, Rachel Chan, Danny Chow, Joe Chan, Christine Lo, Jasmine Lau, Sue Yin and Thomas Yih.