LabGenomics unites with Humanscape on Asia, US genetic testing biz

LabGenomics Co., a molecular diagnostics company, said on Tuesday that it has signed an agreement with digital healthcare company Humanscape to develop a direct-to-consumer genetic testing business in Southeast Asia and the United States.

Humanscape runs Mamitalk, a pregnancy and parenting platform with 600,000 subscribers.

The two companies decided to jointly target overseas markets by utilizing prenatal and postnatal genetic testing services for mothers and babies and the Mamitalk platform's capabilities.

The two parties decided to combine overseas businesses that had been carried out separately in Singapore and Vietnam onto a single platform, establish shared facilities, and make advance preparations with local hospitals.

"It is true there were difficulties in identifying new services and distribution channels while operating prenatal and postpartum exam services overseas. We expect to achieve excellent results in the overseas market soon through cooperation with Humanscape," said a LabGenomics official.

Write to Jeong Min Nam at peux@hankyung.com