The market for molecular diagnostic devices is expanding, but there are many problems in terms of time and cost, and developing countries want products at reasonable prices.
PaxGenBio developed the system that can check the result in 15 minutes without equipment that would've taken more than two hours with expensive equipment.
AVING News met Park Young-seok, the CEO of PaxGenBio, to hear about its core competitiveness MPCR-ULFA.
Hi. This is Park Young-seok, the CEO of PaxGenBio. Our industry is based on the molecular diagnosis to develop the original technology that can diagnose cancer and genetic diagnosis.
Based on this result, we have developed a variety of products like HPV and SITI to treat tuberculosis.
Overview of major system
Our MPCR-ULFA technology does not use high-price devices and reagents, and it can be used in various countries like Southeast Asia and South America where there are many patients at affordable prices.
By using our technology, you can check the result of multiplex PCR simply in the cartridge.
We do not use high-priced equipment and reagents like the conventional microarray.
What's outstanding is that there is no need for professional personnel.
So, you can easily react the sample in room temperature and check it.
On top of it, you can check it with naked eyes, so you don't need a reader, which makes it comfortable.
Another great advantage is that unlike the conventional microarrays, you can do quality management at a low price and great convenience.
We can provide the system at a reasonable price to the consumers.
Overview of major staff
I, the CEO of this company, was the head of the research institute of LG Life Sciences and Green Cross MS, and now founded in May 2015.
Lee Chan-ho, the head of the head of our research institute of our company was the head of the research institute of Bioneer and Green Cross MS, and came to our company.
Our marketing vice president Kim Seung-hwan was in charge of marketing at Intron and Immunemed, and came to our company.
Business goals and directions
The philosophy of our company is to provide health and peace to the mankind. Pax in PaxGenBio means peace.
It has the meaning of fighting the disease with the gene of peace. Also, it is our goal to supply our products at an affordable price.
The products and services of the major companies of KHIDI Health Industry Startup Innovation Center in the MIK Hot Spot (Made in Korea Online Exhibition) will also be displayed in BIO KOREA 2020.
Asia's biggest bio convention BIO KOREA 2020 co-organized by KHIDI and Chungbuk Province and sponsored by MOHW will be open online due to the COVID-29 pandemic on May 18-23.
Virtual exhibition halls, conference, and business forums will be operated, and the companies will be promoting their competitiveness.
Also, with video meetings, businesses between overseas speakers, buyers, and domestic and foreign participating companies will be made.
The global news network AVING News has begun holding the MIK Hot Spot (Made in Korea Online Exhibition) to help small and medium-sized companies enter the market and attract investment 365 days a year.
AVING News has been running online exhibitions since 2005 and had 975 online exhibitions so far.
Its YouTube online exhibition has placed itself as Korea's largest online exhibition hall that opens with 19,000 videos (booths) with more than 800,000 visits per month which means more than 10 million visits per year.
The MIK Hot Spot online exhibition is scheduled to be held regularly according to the field, target market, and participating institutions, and it will be presented as a new type of online business by transforming the know-hows and values of the participating companies according to the trend.
Companies that want to participate can apply and apply through the marketing support projects from supporting institutions in the local governments.
Refer to the institutions for more information.