Alps Group Inc Launches Patient-Derived Organoid Program to Advance Personalized Cancer Care in Southeast Asia
Rhea-AI Summary
Alps Group (Nasdaq: ALPS) signed a Research and Collaboration Agreement with Axiocell Biotech’s Dr. Kong Wai Mun to launch an internal patient-derived organoid (PDO) program in Malaysia.
The company plans to build Malaysia’s first clinically validated PDO platform, a national PDO biobank, and services for personalized cancer treatment and preclinical drug screening across Southeast Asia.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- None.
Negative
- None.
News Market Reaction – ALPS
On the day this news was published, ALPS declined 3.85%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.2% during that session. Argus tracked a trough of -19.7% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $108.16M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
ALPS was down about 6% on relatively light volume versus its 20-day average, with no momentum-flagged peers or sector-wide moves, pointing to a stock-specific reaction to this PDO announcement.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 09 | Genomics accreditation | Positive | -1.7% | Subsidiary MyGenome expanded MS ISO 15189:2022 accreditation to whole genome sequencing. |
| May 19 | Nasdaq deficiency notice | Negative | +0.1% | Nasdaq notified ALPS of minimum bid price deficiency and potential future delisting risk. |
| Apr 17 | Board appointment | Positive | -0.2% | Former Ernst & Young partner added to board, enhancing audit and capital markets oversight. |
| Feb 23 | NK cell data | Positive | +2.3% | Published safety and tolerability data supporting advancement of autologous NK cell pipeline. |
| Jan 30 | Exosome pipeline update | Positive | +4.3% | Reported clinical case series supporting potential expansion of nebulized exosome therapy pipeline. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
ALPS often shows mixed reactions to news, with several positive updates followed by negative or muted next-day price moves.
Key Terms
patient-derived organoid medical
precision oncology medical
translational research medical
biobank medical
medical device authority regulatory
preclinical medical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Agreement Marks Company’s Expansion into Precision Oncology Testing, with the Goal of Establishing Malaysia's First Clinically Validated PDO Platform
KUALA LUMPUR, Malaysia, June 23, 2026 (GLOBE NEWSWIRE) -- Alps Group Inc (“Alps” or “the Company”) (Nasdaq: ALPS), an integrated biotechnology platform headquartered in Malaysia, today announced its expansion into patient-derived organoid (PDO) technology through a Research and Collaboration Agreement with Dr. Kong Wai Mun, Executive Director of Axiocell Biotech and a biomedical scientist with more than 17 years of experience in translational research and preclinical model development.
Under the agreement, Alps is launching an internal PDO program targeting personalized cancer treatment and preclinical drug screening, a fast-growing field in precision oncology. According to Future Market Insights, the global human organoids market was valued at approximately USD 91.8 million in 2026 and is projected to reach USD 349.5 million by 2036, growing at a CAGR of
PDO technology involves growing three-dimensional “mini-tumors” from a patient’s own cancer tissue, allowing clinicians and researchers to evaluate how individual tumors may respond to different therapies. This approach is designed to improve treatment selection, accelerate drug development, and reduce reliance on animal testing.
Alps plans to establish a national PDO biobank to support preclinical drug screening and licensing services for pharmaceutical and CRO partners, with a long-term goal of positioning Malaysia as a regional hub for PDO-based translational research. The program has identified initial clinical interest across six major oncology centers in Malaysia. According to GLOBOCAN 2022, Malaysia records approximately 51,650 new cancer cases per year.2 The Malaysia National Cancer Registry Report further notes that
"PDO technology is a natural extension of Alps' integrated platform, bringing together our existing genomic, manufacturing, and clinical capabilities to deliver truly personalized oncology care,” said Dr. Tham Seng Kong, Executive Director and Group Chief Executive Officer of Alps Group Inc. “By predicting how a patient's tumor responds to treatment before therapy begins, PDO technology represents a meaningful step toward making advanced cancer care accessible and affordable for patients across Southeast Asia."
Kong Wai Mun, PhD, Executive Director of Axiocell Biotech, commented, “PDO technology holds significant promise in bridging the gap between laboratory research and clinical application. By enabling clinicians and researchers to evaluate how a patient’s tumor may respond to treatment before therapy is administered, PDO platforms have the potential to support more personalized approaches to cancer care. PDOs also serve as a powerful preclinical platform for translational research and can function as a form of early clinical trial simulation. This program represents an important step for precision oncology research in Malaysia, one that builds on world-class clinical expertise already present in the country while creating the infrastructure needed to translate that expertise into better outcomes for patients.”
To be added to the Alps Group Inc email distribution list, please email Alps@kcsa.com with ALPS in the subject line.
About Alps Group Inc
Alps Group Inc is a revenue-generating integrated biotechnology platform headquartered in Malaysia, operating across cell manufacturing, molecular diagnostics, and clinical delivery. Alps leverages revenue from its commercial businesses to support its clinical pipeline development, with a mission to make advanced precision medicine accessible and affordable across Southeast Asia.
Forward-Looking Statements
Certain statements in this press release may be considered to contain certain “forward-looking statements” within the meaning of “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company management’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.
A further list and description of risks and uncertainties can be found in documents filed with the Securities and Exchange Commission (“SEC”) by the Company and other documents that we may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise, except as required by law.
Investor Relations Contact
Philip Carlson
KCSA Strategic Communications
Phone: 212.896.1233
Email: Alps@kcsa.com
1 Organoids market: Future Market Insights, Organoids Market Report (2026–2036). Global personalized cancer treatment market: The Business Research Company, Personalized Cancer Treatment Global Market Report 2026.
2 International Agency for Research on Cancer. Malaysia: GLOBOCAN 2022 Fact Sheet. World Health Organization.
3 National Cancer Registry Department, Institut Kanser Negara. Malaysia National Cancer Registry Report 2017–2021, p. 26. Ministry of Health Malaysia, 2025.
