The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Less than six months after Nasdaq debut, Malaysia’s Alps Group pivots to bridge biotech access gap

It is expanding into insurance and education to rebuild valuation and put advanced treatments within reach for more people

Summarise
google-preferred-sourceAdd BT as a preferred source
Tan Ai Leng

Tan Ai Leng

Published Mon, Apr 20, 2026 · 07:00 AM
阅读简体中文版 (beta)
    • Alps Group's Dr Tham Seng Kong says: "The challenge is no longer about developing technology, but ensuring that it can be used by the mass market. The problem is, most people cannot afford it."
    • Alps Group's Dr Tham Seng Kong says: "The challenge is no longer about developing technology, but ensuring that it can be used by the mass market. The problem is, most people cannot afford it." PHOTO: TAN AI LENG, BT

    [KUALA LUMPUR] Less than six months after its debut on the Nasdaq, Malaysia’s Alps Group is shifting its focus from research to execution, expanding into insurance and education as it seeks to close critical gaps in access to advanced medical technologies.

    Alps’ push to build a full-stack ecosystem comes as it navigates the realities of being a newly listed biotech firm.

    According to US Securities and Exchange Commission filings and Nasdaq data, Alps Group is in the early stages of commercialisation, reporting 12-month trailing revenue of around US$3.7 million and has yet to achieve profitability.

    MalaysiaBiotechAsean

    TRENDING NOW

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Acting Minister-in-charge of Muslim Affairs Faishal Ibrahim resigned from political office on Jul 20.

    Faishal Ibrahim resigns over online messages with a female member of the public

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    CapitaLand Integrated Commercial Trust is spending S$160 million to revamp Plaza Singapura and The Atrium@Orchard.

    Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More