Updated on 6 September 2012
"In addition to the multiplex polymerase chain reaction (PCR)-based detection method, the company is currently developing rapid test kits for detection of non-halal components in food for the use of general public without having to go to a laboratory," says Dr Ong Ming Thong.
Innovative and first-of-its-kind projects have a high likelihood of facing a financial crisis. Shareholders at BSSB took the risk of self-financing the company. However, now the company is looking forward to building alliances with potential investors. With the focus on building a strong, knowledge-based human resource base, BSSB has voluntarily taken training from BiotechCorp. The company boasts of a strong team of human resources that consist of a group of qualified scientists and management personnel who work very well as an effective team.
With a view to expand its presence, BSSB is looking for strategic alliance partners to set up service laboratories to run the screening of non-halal components (porcine meat) in food. The trade in halal food is estimated to be at about $400 billion, globally. The laboratories will be using the kits produced by BSSB to offer these testing services.
The team is identifying potential partners in Malaysia as well as those in Western Europe and Northern China. Besides, the company is actively seeking technology partners to enhance its research activities including planned collaboration with university laboratories, local and foreign biotech companies.
On receiving the BioSpectrum Asia Pacific Emerging Company of the Year Award, Dr Ong Ming Thong says, "We are surprised as well as glad. We take this as an encouragement to move ahead in the field filled with challenges. This will also help us in building recognition among the industry players."