Seegene

Last updated
Seegene Inc.
Native name
㈜씨젠
Company type Public
KRX: 096530
Industry Laboratory equipment, biotechnology, healthcare
Founded2000
Key people
Dr. Chun Jong-Yoon (CEO), Lee Ho (President), Kim Bum-Joon (Vice President)
RevenueIncrease2.svg US$957 million(2020) [1]
Number of employees
793
Website www.seegene.com

Seegene, Inc is a Korean manufacturer of in vitro diagnostic (IVD) products, particularly molecular diagnostics. Its portfolio includes a range of assays and screening products for sepsis, respiratory diseases such as influenza and respiratory syncytial virus, as well as sexually transmitted infections (STIs). It was founded in 2000. In early 2020, it began developing and distributing a range of tests for SARS-CoV-2, the virus that causes COVID-19. [2]

Contents

Along with its headquarters in Seoul, South Korea, the company has subsidiaries in the U.S., Canada, Germany, Italy, Mexico, Brazil, and the Middle East.

In September 2010, Seegene undertook a $16.6 million initial public offering to list on KOSDAQ, a trading board of Korea Exchange (KRX). [3]

Products

Seegene’s primary product focus is multiplex diagnostic assays, which allow for the detection and quantification of multiple pathogens from a single sample. [4] Seegene's assays are developed using its proprietary Dual Priming Oligonucleotide (DPO), Tagging Oligonucleotide Cleavage and Extension (TOCE), and Multiple Detection Temperatures (MuDT) technology platforms. Additional technologies [5] include the GeneFishing discovery platform for differentially expressed genes (DEG), which detects differences in gene expression between two or more samples, as well as DNA Walking Technology, a platform permitting the identification of unknown sequences of DNA situated upstream or downstream of known sequences. [6]

The COVID-19 Pandemic

Seegene moved quickly in January 2020 to begin developing a diagnostic for what would later be dubbed COVID-19, leveraging its proprietary artificial intelligence technology and SARS-CoV-2 genetic details that had been released online. [7] [8] The company produced its first real-time polymerase chain reaction (real-time PCR) assay to test for the novel coronavirus on February 3, 2020. [9] The test, known as the Allplex 2019-nCoV Assay, identifies three different target genes – the E, RdRP, and N genes – in one reaction tube. This allows for accurate and high-volume testing when paired with automated instruments. [10] Evaluation studies have determined that the analytical sensitivity of the Allplex 2019-nCoV Assay to detect SARS-CoV-2 exceeds 96% when compared to the US CDC protocol. [11]

On February 12, 2020, the Ministry of Food and Drug Safety (MFDS) granted Seegene emergency use authorization for the Allplex 2019-nCoV Assay. The authorization came just days before the COVID-19 pandemic in South Korea began accelerating, centered around the southeastern city of Daegu.

Seegene began manufacturing and distributing up to 100,000 tests per day, cutting back production on 60 other tests to channel resources towards COVID-19. [12] By April 2020, when the U.S. FDA granted emergency use authorization for the assay, the company had sold more than 10 million of the tests in more than 60 countries. [13] Seegene was one of the top-performing Korean companies in 2020, registering profit growth of more than 1,000% year-over-year in the third quarter. [14]

In early 2021, Seegene announced it had developed a first-of-its-kind COVID-19 variant test, the Allplex SARS-CoV-2 Variants I Assay, capable of screening for COVID-19 infection and identifying multiple mutant variations in a single reaction. [15]  The company scaled its production to 300,000 variant diagnostic test kits per month, enough to test 30 million people. The tests were subsequently shipped to approximately 20 countries around the world.

Controversy

In February 2021, Seegene was disciplined by Korea’s Securities and Futures Commission for accounting errors and deficiencies taking place in the company’s early years of operation. [16] According to a company statement, Seegene acknowledged and reconciled those issues in 2019, overhauling its accounting and management practices.

Related Research Articles

<span class="mw-page-title-main">BGI Group</span> Chinese genome sequencing company

BGI Group, formerly Beijing Genomics Institute, is a Chinese genomics company with headquarters in Yantian District, Shenzhen. The company was originally formed in 1999 as a genetics research center to participate in the Human Genome Project. It also sequences the genomes of other animals, plants and microorganisms.

bioMérieux

bioMérieux SA is a French multinational biotechnology company founded and headquartered in Marcy-l'Étoile, France, close to Lyon. bioMérieux is present in 44 countries and serves more than 160 countries through a large network of distributors.

<span class="mw-page-title-main">New England Biolabs</span>

New England Biolabs (NEB) produces and supplies recombinant and native enzyme reagents for the life science research, as well as providing products and services supporting genome editing, synthetic biology and next-generation sequencing. NEB also provides free access to research tools such as REBASE, InBASE, and Polbase.

<span class="mw-page-title-main">Institute of Genomics and Integrative Biology</span> Indian scientific research institute

CSIR Institute of Genomics and Integrative Biology (CSIR-IGIB) is a scientific research institute devoted primarily to biological research. It is a part of Council of Scientific and Industrial Research (CSIR), India.

<span class="mw-page-title-main">MERS</span> Viral respiratory infection

Middle East respiratory syndrome (MERS) is a viral respiratory infection caused by Middle East respiratory syndrome–related coronavirus (MERS-CoV). Symptoms may range from none, to mild, to severe depending on age and risk level. Typical symptoms include fever, cough, diarrhea, and shortness of breath. The disease is typically more severe in those with other health problems.

DiaSorin is an Italian multinational biotechnology company that produces and markets in vitro diagnostics reagent kits used in immunodiagnostics and molecular diagnostics and since July 2021, it is also active in the Life Science business. The group was founded in 2000 and is headquartered in Saluggia, Italy. Its production is at several plants located in Europe and the United States: Saluggia and Gerenzano (Italy), Dietzenbach (Germany), Stillwater, Minnesota (US), Dartford (UK). Following the acquisition of Luminex, the company acquired five additional production plants located in the United States and in Canada (Toronto). The company is a constituent of the FTSE MIB index.

<span class="mw-page-title-main">Cepheid (company)</span> American molecular diagnostics company

Cepheid is an American molecular diagnostics company that is a wholly owned subsidiary of Danaher Corporation. Its systems automate traditional nucleic acid tests. The tests can be used to identify and analyze pathogens and genetic disorders. Cepheid sells clinical tests for healthcare-associated infections, infectious diseases, sexual health, oncology and genetics.

<span class="mw-page-title-main">Color Genomics</span> US population health technology company

Color Health, Inc. is a population health technology company which provides genetic tests and analysis directly to patients as well as through employers. The product focuses on genes that indicate risk for heart disease, cancer, and that affect medication response.

Inovio Pharmaceuticals is an American biotechnology company focused on the discovery, development, and commercialization of synthetic DNA products for treating cancers and infectious diseases. In April 2020, Inovio was among some 100 companies, academic centers, or research organizations developing a vaccine candidate for treating people infected with COVID-19, with more than 170 total vaccine candidates in development.

<span class="mw-page-title-main">Primerdesign</span>

Primerdesign is a UK-based biotechnology company that designs and sells products for quantitative real-time polymerase chain reaction (qPCR).

<span class="mw-page-title-main">COVID-19 testing</span> Diagnostic testing for SARS-CoV-2 virus infection

COVID-19 testing involves analyzing samples to assess the current or past presence of SARS-CoV-2. The two main types of tests detect either the presence of the virus or antibodies produced in response to infection. Molecular tests for viral presence through its molecular components are used to diagnose individual cases and to allow public health authorities to trace and contain outbreaks. Antibody tests instead show whether someone once had the disease. They are less useful for diagnosing current infections because antibodies may not develop for weeks after infection. It is used to assess disease prevalence, which aids the estimation of the infection fatality rate.

<span class="mw-page-title-main">COVID-19 pandemic in Canada</span> Ongoing COVID-19 viral pandemic in Canada

The COVID-19 pandemic in Canada is part of the ongoing worldwide pandemic of coronavirus disease 2019. It is caused by severe acute respiratory syndrome coronavirus 2. Most cases over the course of the pandemic have been in Ontario, Quebec, British Columbia and Alberta. Confirmed cases have been reported in all of Canada's provinces and territories.

<span class="mw-page-title-main">Coronavirus breathalyzer</span> Diagnostic medical device

A coronavirus breathalyzer is a diagnostic medical device enabling the user to test with 90% or greater accuracy the presence of severe acute respiratory syndrome coronavirus 2 in an exhaled breath. As of the first half of 2020, the idea of a practical coronavirus breathalyzer was concomitantly developed by unrelated research groups in Australia, Canada, Finland, Germany, Indonesia, Israel, Netherlands, Poland, Singapore, United Kingdom and USA.

COVID-19 testing in the United States can identify whether a person is infected with SARS-CoV-2, the virus which causes COVID-19. This helps health professionals ascertain how bad the epidemic is and where it is worst. The accuracy of national statistics on the number of cases and deaths from the outbreak depend on knowing how many people are being tested every day, and how the available tests are being allocated.

Truenat is a chip-based, point-of-care, rapid molecular test for diagnosis of infectious diseases. The technology is based on the Taqman RTPCR chemistry which can be performed on the portable, battery operated Truelab Real Time micro PCR platform. Truenat is developed and manufactured by Goa-based Molbio Diagnostics Private Limited.

<span class="mw-page-title-main">SARS-CoV-2 Alpha variant</span> Variant of SARS-CoV-2, the virus that causes COVID-19

The Alpha variant (B.1.1.7) was a SARS-CoV-2 variant of concern. It was estimated to be 40–80% more transmissible than the wild-type SARS-CoV-2. Scientists more widely took note of this variant in early December 2020, when a phylogenetic tree showing viral sequences from Kent, United Kingdom looked unusual.

Curative Inc. is a health care startup company best known for scaling COVID-19 testing and COVID-19 vaccinations during the COVID-19 pandemic. In September 2022, Curative Inc. launched Curative Insurance Company, a new health insurance plan featuring no copays and no deductibles. Headquartered in Austin, Texas, with employees throughout the United States, the company was founded in January 2020 by Fred Turner, Isaac Turner, and Vlad Slepnev to create new diagnostic tests for sepsis and to improve outcomes for sepsis patients. In response to an urgent, unmet need for COVID-19 test development and production in the United States, Curative rapidly shifted focus in March 2020. The company's research team developed a new test for SARS-CoV-2 that utilized oral swabs rather than nasopharyngeal swabs. The Curative test was designed with a scalable process and opportunities to reduce healthcare worker exposure risk, and therefore the amount of personal protective equipment (PPE) used. An independent manufacturing and supply chain model was adopted to avoid competing with existing COVID-19 test companies for limited supplies and laboratory capacity.

<span class="mw-page-title-main">COVID-19 rapid antigen test</span> Diagnostic test for a SARS-CoV-2 infection

COVID-19 rapid antigen tests or RATs, also frequently called COVID-19 lateral flow tests or LFTs, are rapid antigen tests used to detect SARS-CoV-2 infection (COVID-19). They are quick to implement with minimal training, cost a fraction of other forms of COVID-19 testing, and give users a result within 5–30 minutes. RATs have been used in several countries as part of mass testing or population-wide screening approaches. Many RATs can be used for self-testing, in which an individual "collects their own specimen… and interpret[s] their test result themselves".

Alexander L. Greninger is assistant director of the UW Medicine Clinical Virology Laboratory and a UW assistant professor of Laboratory Medicine. His research is focused on genomic and proteomic characterization of a variety of human viruses and bacteria, with a focus on respiratory viruses and human herpesviruses.

References

  1. "Seegene spearheading Korea's biotech drive" . Retrieved 17 October 2021.
  2. "Seegene speeds up exporting Covid-19 test kits". KBR (in Korean). 2021-04-22. Retrieved 2021-08-10.
  3. "Seegene Completes $16.6M Korean IPO to Fund Expansion of MDx Kits in the U.S. and Japan". Genetic Engineering and Biotechnology News. 2010-09-14. Retrieved 2021-08-10.
  4. "Seegene's molecular diagnosis leads the way in South Korea's COVID response". euronews. 2020-11-23. Retrieved 2021-08-11.
  5. "Patents Assigned to Seegene, Inc. - Justia Patents Search". patents.justia.com. Retrieved 2021-08-11.
  6. "Seegene, Inc. Awarded Patent for ACP (Annealing Control Primer)". BioSpace. Retrieved 2021-08-11.
  7. Jeong-yeo, Lim (2020-12-14). "[News Focus] COVID-19 'star' Seegene posts tenfold jump in revenue". The Korea Herald . Retrieved 2021-10-18.
  8. "How One Firm's Covid-19 Tests Help Control The Virus In South Korea". Forbes . Retrieved 2021-10-18.
  9. Booth, By Ivan Watson, Sophie Jeong, Julia Hollingsworth and Tom (2020-03-12). "How this South Korean company created coronavirus test kits in three weeks". CNN. Retrieved 2021-08-10.{{cite web}}: CS1 maint: multiple names: authors list (link)
  10. Cho, Joohee. "South Korea's coronavirus test makers in high demand". ABC News. Retrieved 2021-10-18.
  11. Freire-Paspuel, Byron; Garcia-Bereguiain, Miguel Angel (10 June 2021). "Analytical and Clinical Evaluation of "AccuPower SARS-CoV-2 Multiplex RT-PCR kit (Bioneer, South Korea)" and "Allplex 2019-nCoV Assay (Seegene, South Korea)" for SARS-CoV-2 RT-PCR Diagnosis: Korean CDC EUA as a Quality Control Proxy for Developing Countries". Frontiers in Cellular and Infection Microbiology. 11. doi: 10.3389/fcimb.2021.630552 . PMC   8223252 . PMID   34178716.
  12. Jung-a, Song; White, Edward; Yoon, June (2020-04-06). "South Korea's factories stretched to limit churning out virus tests". Financial Times. Retrieved 2021-10-18.
  13. "FDA Issues Emergency Use Authorization for Seegene Coronavirus PCR Assay". Genomeweb. 2020-04-21. Retrieved 2021-08-10.
  14. Bird, Mike (2021-02-11). "Covid-19's Corporate Winners Should Beware a Push for Profit-Sharing". The Wall Street Journal . ISSN   0099-9660 . Retrieved 2021-10-18.
  15. "S.Korea's Seegene develops first COVID-19 test kit that can detect multiple variants". Reuters. 2021-02-01. Retrieved 2021-08-10.
  16. "Seegene vows to prevent recurrence of accounting fraud". koreatimes. 2021-02-09. Retrieved 2021-08-10.