Seegene has finalized the partnership agreement with Werfen, specialized in diagnostics, on the technology-sharing initiative.

Under the agreement, Seegene and Werfen will set up a NewCo in Spain, Werfen-Seegene, upon the conclusion of mandatory government approvals anticipated by the first half of 2025.

This partnership builds on the momentum of the technology-sharing initiative, which includes the first NewCo partnership in March 2023 with Hylabs, a diagnostic company in Israel.

The technology-sharing initiative aims to share Seegene's advanced diagnostic and data analysis technologies globally, including syndromic real-time PCR and an automated product development system (SGDDS), with a leading company partnered in each country. Seegene's syndromic real-time PCR technology represents a breakthrough in molecular target detection. It enables the simultaneous detection of up to 14 pathogens in a single reaction tube, with quantitative information for each target. 

Partnering companies will collaborate with local scientists and experts to develop diagnostic tests tailored to the needs of their communities and fields, spanning a wide range of human and non-human diseases. Amidst the challenges of climate change and the anticipated rise in outbreaks, the initiative's ultimate vision is to create 'a world free from diseases'—a future where people no longer suffer from infectious diseases and cancer and where animals and plants thrive without illness.

Werfen-Seegene will prioritize developing products for infectious diseases, including antimicrobial and drug resistance testing, viral load testing, monitoring tests for organ transplant patients, sexually transmitted infections (STIs), and emerging diseases specific to the region. The NewCo will leverage Werfen's extensive local infrastructure and network to provide products tailored to meet local needs, thereby contributing to healthcare in Spain.

As Europe's fourth-largest in vitro diagnostics (IVD) market, Spain is poised to serve as a strategic hub for this expansion. As a result, the NewCo is expected to lead efforts in securing in vitro diagnostic medical devices regulation (CE-IVDR) approval and expanding into both European and global markets.

"Over the past decade, our collaboration with Seegene has showcased the significant impact of their syndromic PCR diagnostic tests on healthcare. We are excited to leverage Seegene's unparalleled technology and manufacturing expertise to develop products tailored for the Spanish and Portuguese markets, where there is a high demand for rapid product development due to the frequent emergence of new infectious diseases and viral mutations. This partnership with Seegene will enable us to expand our footprint and respond swiftly to any outbreaks," said Carlos Pascual, CEO of Werfen.

"We have high expectations for this NewCo, which will combine Werfen's extensive business experience with Seegene's leading syndromic product development and production capabilities. We will continue to share our technology with leading global companies and countries that are interested in our technology-sharing initiative. Werfen-Seegene will play a pivotal role in accelerating global expansion of our initiative," said Dr. Jong-Yoon Chun, CEO and Founder of Seegene.

Seegene has also secured major strategic partnerships for this initiative with Microsoft and Springer Nature. The goal of partnership with Microsoft is to empower global companies participating in the technology-sharing initiative with a streamlined product development system augmented by advanced IT system operations and AI-powered data analysis.