Company Description
Advanced Biomed Inc. (NASDAQ: ADVB) is a biotechnology company in the healthcare sector, focused on diagnostics and research for cancer and precision medicine. According to its public disclosures, the company concentrates on early screening and detection, diagnosis and staging, and treatment of cancer. Advanced Biomed works with microfluidic biochip technologies and related biomedical devices to provide assay products and services aimed at cancer patients.
The company states that, since 2014, it has focused on integrating multiple interdisciplinary technologies and has established its own microfluidic technology platform. Through the joint application of semiconductor technology and biotechnology, Advanced Biomed has developed technologies and testing equipment intended for early screening and detection, diagnosis and staging, and treatment of cancer. Its approach includes the detection of circulating tumor cells and related tumor markers in blood samples, capture of single circulating tumor cells, and single-cell sorting and determination.
Products, devices, and biochips
Advanced Biomed discloses a range of devices that support its cancer diagnostics and research activities. These include the A+Pre, AC-1000, A+CellScan, and A+SCDrop systems. The company also references three corresponding microfluidic biochips: the A+Pre Chip, the AC-1000 CTC Enrichment Chip, and the A+CellScan Chip. These devices and chips are described as being designed to provide rapid and affordable assay products and services to cancer patients.
In addition to its devices and chips, Advanced Biomed reports that it has completed the research and development stage for four matching immunostaining kits: A+CTCE, A+CTCM, A+EMT, and A+CM. These kits use multiplexed staining with fluorescent-labeled antibodies to identify tumor cell types. The company has also introduced A+LCGuard, which it describes as a product designed for early screening of lung cancer to assist in determining benign and malignant pulmonary nodules.
3D cell culture and precision medicine platform
Advanced Biomed has announced the launch of A+PerfusC™, an integrated perfusion 3D cell culture platform described as a compact, all-in-one perfusion 3D cell culture incubator designed to replicate human physiological conditions in vitro. The platform integrates automated perfusion with environmental control in a compact format that can be mounted directly onto a microscope for real-time observation.
According to the company, the A+PerfusC system supports continuous, hands-free culture and is designed to maintain uniform nutrient delivery while preventing waste accumulation. This environment is described as promoting spheroid and organoid formation and enhancing cell viability, growth, and drug response predictability. The system is characterized by multiple independent channels per plate and a configuration that allows a large number of tumor spheroids per patient sample, with the 3D culture plate (a consumable) designed for transfer into standard well plates for high-throughput drug screening. The control platform is described as expandable to support multiple incubators.
The company states that the A+PerfusC system and its 3D culture plate have passed internal testing and validation with the design finalized, and that it is advancing mass-production development. Potential applications identified by Advanced Biomed include personalized oncology research, in vitro drug screening, regenerative medicine, organoid studies, and stem cell research.
Business focus and geographic footprint
Advanced Biomed positions itself as a biotechnology company focused on precision medicine and advanced diagnostics. Its technologies and products are described as supporting early cancer screening, diagnostic workups, and treatment decision support via circulating tumor cell analysis and related tumor markers.
The company reports that its primary operations, design, and development are based in Tainan City, Taiwan
In a later announcement, the company disclosed that it entered into an agreement to sell 100% of the issued and outstanding shares of Advanced Biomed (HK) Limited, its Hong Kong subsidiary, to an unrelated third party. As part of that transaction, all intellectual property owned by the Hong Kong subsidiary, including intellectual property owned by Shanghai Sglcell Biotech Co., Ltd., a wholly owned subsidiary of the Hong Kong entity, was transferred to the buyer at closing. The company described this divestiture as part of a strategic realignment in response to evolving regulatory requirements on clinical trials and data in China, and indicated that clinical trials would be centralized and conducted through its Taiwan subsidiary.
Capital markets and regulatory status
Advanced Biomed Inc. is incorporated in Nevada and its common stock is listed on the Nasdaq Capital Market under the trading symbol ADVB. The company completed an initial public offering of its common stock, with its shares beginning trading on the Nasdaq Capital Market under the ADVB ticker. The offering was conducted pursuant to a registration statement on Form S-1 that was declared effective by the U.S. Securities and Exchange Commission.
In a separate registration statement on Form S-1, the company described an equity line of credit agreement with a selling stockholder, under which it may direct the purchase of shares of its common stock up to a specified aggregate amount, subject to conditions. That filing identifies Advanced Biomed as a smaller reporting company and an emerging growth company under U.S. securities regulations.
The company has also filed a Form 12b-25 (Notification of Late Filing) indicating that it was unable to file a Quarterly Report on Form 10-Q for a specified period within the prescribed time without unreasonable effort or expense, citing that the review of its financial statements had not yet been completed. In that notification, Advanced Biomed stated that it anticipated filing the Form 10-Q within the extension period and indicated that it did not expect a significant change in results of operations from the corresponding period of the prior year.
In another Form 8-K, Advanced Biomed reported receiving a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC that its common stock had closed below the minimum bid price requirement for continued listing on the Nasdaq Capital Market for a specified number of consecutive business days. The company reported that it was granted a compliance period to regain compliance with the minimum bid price requirement and indicated that its common stock would continue to trade on the Nasdaq Capital Market under the symbol ADVB during that period. Advanced Biomed stated that it intended to monitor the closing bid price of its common stock and consider available options to regain compliance.
Regulatory environment and risk disclosures
In its registration statement, Advanced Biomed discusses legal and operational risks associated with its Shanghai subsidiary and a Hong Kong holding company. The company notes that the Chinese government may intervene in or influence the operations of entities in Mainland China and Hong Kong and may exert oversight and control that could affect business operations or the value of its common stock. It also references recent regulatory actions and statements in China related to cybersecurity, data security, and anti-monopoly enforcement, and states that while it does not believe it is directly subject to certain specific requirements described, the regulatory environment remains uncertain.
Advanced Biomed identifies itself as an emerging growth company and a smaller reporting company, which allows it to take advantage of reduced public company reporting requirements under U.S. securities laws. The company’s SEC filings describe various risks related to its operations, regulatory environment, capital structure, and listing status.
Position within diagnostics and research
Within the diagnostics and research segment of the healthcare sector, Advanced Biomed’s disclosures emphasize its focus on microfluidic biochips, circulating tumor cell detection, immunostaining kits, and 3D cell culture platforms. Its stated aim is to support precision medicine by enabling early cancer screening, detailed tumor characterization, and applications in drug discovery and personalized oncology research.