In recent years, advances in technology have led to demand for early cancer testing and screening methods that are less invasive and lower cost. Insurance companies have accepted that traditional testing methods are labor intensive and are not ideal as the first line of defense when screening and diagnosing cancer. This has opened a multi-billion-dollar market opportunity in discovering new solutions to tackle cancer and disease testing outside of traditional diagnostics that have been used for generations without any major upgrades or breakthroughs. AnPac Bio-Medical Science Co., Ltd. (ANPC.US), a biotechnology company focused on early cancer screening and detection as well as cancer treatment, has established itself in China as a leader in disease screening and diagnosis, as well as having a team and bio-medical lab in the US, as the industry undergoes this transitional shift. It has championed a groundbreaking idea and technology called multi-(pan) cancer screening technology since 2010, and developed and announced multi-cancer screening technology in 2014, much earlier than most of is peers. It has developed a highly innovative cancer screening technology called Cancer Differentiation Analysis technology (CDA).
Taking advantage of this new paradigm, AnPac Bio finished with strong revenues in 2020, up 89.3% year-over-year, despite the global pandemic. Companies like New Horizon Health, listed in Hong Kong (6606.HK), achieved revenue growth of 20.0% in 2020 versus the prior fiscal year, and Genetron Health (NASDAQ: GTH), achieved revenue growth of…
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