BioNexus Gene Lab Corp. (Nasdaq: BGLC) and Fidelion Diagnostics Execute Exclusive Southeast Asia License for VitaGuard™ MRD Platform as Part of Strategic Alliance with Tongshu Gene
Rhea-AI Summary
BioNexus Gene Lab Corp (Nasdaq: BGLC) executed an exclusive, perpetual Southeast Asia license for the VitaGuard™ MRD liquid biopsy platform from Fidelion Diagnostics on Dec 1, 2025.
Key terms: a US$2.0 million license fee payable in 24 equal monthly instalments and a commitment to at least US$500,000 of reagent/system purchases in the first 24 months. After full payment the license is royalty-free in the Territory and allows BGLC to obtain local regulatory approvals and sublicense partners.
Positive
- Exclusive, perpetual Southeast Asia license for VitaGuard
- License becomes royalty-free after US$2.0M is paid
- BGLC may hold local regulatory approvals and sublicense partners
- License is a condition precedent to closing the equity transaction
Negative
- US$2.0M license fee payable in 24 monthly instalments
- Minimum US$500,000 VitaGuard reagent and system purchases in 24 months
News Market Reaction
On the day this news was published, BGLC declined 2.42%, reflecting a moderate negative market reaction. Argus tracked a peak move of +39.5% during that session. Argus tracked a trough of -14.8% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $197K from the company's valuation, bringing the market cap to $8M at that time. Trading volume was exceptionally heavy at 22.2x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves, with CNEY up 4.38% and SNES down 4.48%, while others are near flat. With no peers in the momentum scanner and modest 1.88% upside for BGLC, trading appears stock-specific rather than a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 03 | Strategic investment | Positive | +1.1% | Completed 15% Fidelion stake and exclusive ASEAN VitaGuard rights. |
| Dec 02 | Financing agreement | Positive | -1.8% | $500M equity facility with ARC Group to fund expansion initiatives. |
| Dec 01 | License execution | Positive | -2.4% | Executed exclusive Southeast Asia VitaGuard MRD license with Fidelion. |
| Nov 12 | Partnership agreements | Positive | -6.0% | Definitive VitaGuard commercialization and cross‑equity alignment with Fidelion. |
| Nov 10 | Shelf & ATM setup | Neutral | +3.0% | Filed $100M shelf and $20M ATM to support growth initiatives. |
Recent strategic and financing announcements skew positive in tone, but price reactions have often been negative or mixed, especially around VitaGuard-related partnerships.
Over the last few months, BioNexus Gene Lab Corp has focused on building a Southeast Asia precision‑oncology platform around the VitaGuard™ MRD technology and other partnerships. On Nov 10, the company filed a $100 million shelf and an ATM. Subsequent agreements with Fidelion and Tongshu (Nov 12 and Dec 3) granted cross‑equity exposure and exclusive ASEAN rights. The current license announcement on Dec 1 fits this sequence by converting earlier framework terms into an operational, perpetual IP license.
Regulatory & Risk Context
An effective Form S-3 shelf filed on Nov 7, 2025 allows BioNexus Gene Lab Corp. to issue up to $100,000,000 of securities, including a sales agreement prospectus for up to $3,557,000 of common stock through an at-the-market program. This structure provides flexibility to raise capital over time for working capital and strategic initiatives, subject to limits tied to the company’s public float and SEC rules.
Market Pulse Summary
This announcement formalizes an exclusive, perpetual license for the VitaGuard™ MRD liquid biopsy platform across Southeast Asia, including a US$2 million fee and at least US$500,000 of reagent purchases over 24 months. It advances a strategy already outlined in earlier Fidelion and Tongshu agreements, aiming to capture underpenetrated MRD demand in a region with 2.3–2.4 million annual cancer cases. Investors may watch how quickly BGLC builds testing volumes, secures regulatory approvals, and utilizes its $100,000,000 shelf capacity to support rollout.
Key Terms
minimal residual disease medical
liquid biopsy medical
ctDNA medical
AI-generated analysis. Not financial advice.
KUALA LUMPUR, Malaysia and SINGAPORE, Dec. 01, 2025 (GLOBE NEWSWIRE) -- BioNexus Gene Lab Corp. (“BGLC”) today announced that it has executed an Exclusive Intellectual Property License Agreement for Southeast Asia with Fidelion Diagnostics Pte. Ltd. (“Fidelion”) for the VitaGuard™ minimal residual disease (“MRD”) liquid biopsy platform.
The license is a key condition precedent to the closing of the previously announced Share Subscription and Shareholders’ Agreement among BGLC, Fidelion and Tongshu Gene, under which BGLC will become a strategic shareholder in Fidelion and, in return, Fidelion will hold a minority stake in BGLC.
Exclusive, Perpetual Rights in Southeast Asia
Under the license, Fidelion grants BGLC an exclusive, irrevocable, royalty-free license to use, develop, manufacture, market, distribute and sell VitaGuard-based products and services in Southeast Asia (the “Territory”).
The agreement grants BGLC comprehensive rights to manufacture, market, and distribute VitaGuard-based tests across Southeast Asia, as well as the authority to hold local regulatory approvals and sublicense to third-party partners.
As consideration, BGLC will pay Fidelion a US
The term is structured as a perpetual, exclusive license in Southeast Asia, designed to “run with” the VitaGuard IP in the Territory even if ownership of the underlying patents changes hands.
Turning a Strategic Framework into an Operating Business
The license agreement sits alongside the Share Subscription and Shareholders’ Agreement signed on November 12, 2025. Execution of the Southeast Asia license is specifically referenced in that agreement as a condition to completion of the equity transaction.
Management Commentary
Sam Tan, Chief Executive Officer of BGLC, commented:
“We believe that this is where the strategic story turns into an operating business. With this license, BGLC secures exclusive, perpetual rights to an advanced MRD platform across all of Southeast Asia, as part of the broader equity alliance we’ve already announced with Fidelion and Tongshu. We see VitaGuard™ as a way to drive MRD testing into routine care by reducing cost and simplifying workflow.”
Dr. Yan Linghua, Director of Fidelion Diagnostics and CEO of Tongshu Gene, added:
“Tongshu developed the VitaGuard™ chemistry and software to be robust enough for real hospital labs. Partnering with Fidelion and granting BGLC an exclusive license for Southeast Asia completes a major piece of our tripartite partnership. We believe the combination of the technology, a focused commercialization vehicle in Fidelion, and a Nasdaq-listed regional operator in BGLC is a powerful way to potentially build value as MRD becomes standard of care worldwide.”
Strong Market Tailwinds in Liquid Biopsy and MRD
The global liquid biopsy market is expected to grow from roughly US
Within that, minimal residual disease testing is one of the fastest-growing segments. Independent analysts estimate the global MRD market at about US
Clinical data has been particularly strong in solid tumors: large prospective trials such as CIRCULATE-Japan have shown that ctDNA-based MRD status is a predictor of relapse and survival in colorectal cancer, and MRD-guided treatment strategies are increasingly being incorporated into major academic studies and guideline discussions.
Commercially, leading MRD providers now process hundreds of thousands of oncology tests per year, with at least one major U.S. player reporting more than 500,000 oncology tests in 2024, underscoring how quickly MRD blood tests are being adopted in advanced markets.
Southeast Asia: Underpenetrated and Growing
Southeast Asia’s cancer burden is large and rising. WHO estimates roughly 2.3–2.4 million new cancer cases and 1.5 million cancer deaths in the broader Southeast Asia region in 2022, with total new cases projected to increase by around 80–
At the same time, the region remains underpenetrated in advanced molecular diagnostics, with limited MRD access outside a small number of top centers. The WHO’s regional cancer strategy emphasizes earlier diagnosis, better follow-up and quality care, areas where liquid biopsy and MRD testing are increasingly seen as enabling technologies.
BGLC aims to position itself as a first mover in MRD for the region, building a recurring-revenue platform with a global technology stack, and building out a top-tier lab network in a growing emerging market (South East Asia).
About BioNexus Gene Lab Corp.
BioNexus Gene Lab Corp. (Nasdaq: BGLC) is a precision diagnostics company focused on Southeast Asia. BGLC operates laboratories and partnerships across the region and is building a portfolio of advanced molecular and AI-enabled tests to make next-generation oncology diagnostics accessible, affordable and actionable.
About VitaGuard™
VitaGuard™ is a liquid biopsy platform based on circulating tumor DNA (ctDNA) for the detection and monitoring of minimal residual disease in oncology. The licensed package includes core patents (including multiplex PCR-based ctDNA enrichment and target library construction), proprietary protocols and SOPs, and software for MRD analysis and report generation.
About Fidelion Diagnostics
Fidelion Diagnostics Pte. Ltd. is a Singapore-based company formed to commercialize the VitaGuard™ MRD platform globally (outside the People’s Republic of China), working closely with Wuxi Tongshu Biotechnology Co., Limited (“Tongshu Gene”) as its primary R&D and manufacturing partner.
No Offer or Solicitation
This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of BioNexus Gene Lab Corp., nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding: (i) the performance of the Exclusive Intellectual Property License Agreement for Southeast Asia between BioNexus Gene Lab Corp. (“BGLC”) and Fidelion Diagnostics Pte. Ltd. (“Fidelion”) and the Share Subscription and Shareholders’ Agreement among BGLC, Fidelion and Tongshu Gene, and the completion of the related equity transactions; (ii) the ongoing implementation of the Southeast Asia license and related intellectual property arrangements; (iii) expected timelines for regulatory submissions and commercial rollout in Singapore, Malaysia, and other ASEAN markets; (iv) the potential operational, clinical, and economic benefits of the VitaGuard platform, including expanding access to the test; and (v) our expectations regarding manufacturing scale-up, market adoption, partnerships, and execution of our regional strategy.
These forward-looking statements are based on a number of assumptions, including that: (a) the parties satisfy the remaining corporate, contractual, and regulatory conditions to completion of the equity transactions and implementation of the license on expected timelines; (b) counterparties perform their obligations under the applicable agreements; (c) regulatory pathways and policies in relevant ASEAN jurisdictions remain conducive to review and clearance of the VitaGuard platform; (d) supply chain, quality, and manufacturing scale-up proceed as planned; and (e) market, reimbursement, and competitive conditions are generally consistent with current expectations.
Actual results could differ materially from those anticipated due to risks and uncertainties, including, among others: (i) failure to timely complete the equity transactions or fully implement the license on the expected terms, or to satisfy remaining conditions precedent; (ii) delays or negative determinations in regulatory submissions or approvals; (iii) challenges in transferring, protecting, or enforcing intellectual property, or in maintaining third-party rights; (iv) manufacturing, quality, or supply-chain constraints; (v) slower-than-expected clinical adoption, pricing, or reimbursement; (vi) dependence on counterparties and third-party service providers; (vii) competition and technological change; (viii) macroeconomic, geopolitical, or public-health developments; (ix) compliance with stock-exchange, securities, and other regulatory requirements; (x) risks related to governance, potential conflicts of interest, and related-person approvals, including with respect to any concurrent service by a Company executive at Fidelion and any inducement or incentive arrangements; (xi) any requirement to obtain shareholder approval under applicable stock-exchange rules; and (xii) other risks described under “Risk Factors” in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Except as required by law, BioNexus Gene Lab Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor & Media Contacts
BGLC Investor Relations: ir@bionexusgenelab.com | www.bionexusgenelab.com
Fidelion Media: media@fideliondx.com | www.fideliondx.com
FAQ
What are the key financial terms of BGLC's VitaGuard license (Nasdaq: BGLC)?
Does the BGLC VitaGuard license require ongoing royalties in Southeast Asia?
What rights did BGLC receive under the VitaGuard Southeast Asia license?
How does the VitaGuard license affect the previously announced equity agreement with Fidelion and Tongshu?
What commercial commitments must BGLC meet after signing the VitaGuard license?
