The Indonesian genomic industry's CAGR is projected to grow at a compound annual growth rate (CAGR) of 11.4% from 2020 to 2027, and this collaboration will allow both companies to be at the forefront of this once-in-a-lifetime opportunity.

The MoU between G42 Healthcare and Asa Ren is aimed at developing and enhancing genomic sequencing and bioinformatics capabilities in Indonesia to support National Genomics Initiatives in the country and delivering long-term value.

The signing ceremony of this agreement was conducted at UAE Business Forum in side-event of B20 Summit during the held of G20 Indonesia 2022 and was attended by the Coordinating Minister of Maritime and Investment Affairs of Indonesia, Luhut Binsar Pandjaitan; UAE Ambassador for Indonesia, H.E. Abdullah Salem Al Dhaheri, Minister of Health the Republic of Indonesia, Budi Gunawan Sadikin; Minister of State for Foreign Trade, H.E Dr Thani bin Ahmed Al Zeyoudi; and Deputy Chairman of Healthcare Chamber of Commerce Indonesia, Charles Honoris.

Announcing the partnership, Aloysius Liang, CEO of Asa Ren said: "Together, this partnership will drive a transformation in Indonesia's genomic industry and elevate the entire healthcare and biotech ecosystem to deliver long-term value with both G42 Healthcare and Asa Ren's combined technologies and expertise."

In his comments on the collaboration, Ashish Koshy, CEO of G42 Healthcare said: "G42 Healthcare is committed to pushing the boundaries of innovation with world leaders in the healthcare sector. We have collaborated with global companies to offer impactful solutions across the healthcare value chain. Our partnership with Asa Ren will enable support of the national genomics initiatives and realize the shared vision of delivering comprehensive genome data, biological insights, and healthcare outcomes for personalized and preventive healthcare delivery in Indonesia."

The two entities aim to also work together on joint proposals to government entities to develop and expand the electronic health passport, telehealth, and health data analysis. The MoU is also expected to build a genome biobank that can accelerate personalized healthcare experience for the community.

Rapid advancements in each step of Next-Gene Sequencing Analytical pipeline from Primary to Tertiary Analysis will enable both companies to drive the mission of building the largest Asian biobank and further enhance the application of the resulting analytical capability of the partnership.