NgenBio Establishes Subsidiary Wellfit... "Full-Scale Launch of Digital Healthcare Business"

[Asia Economy Reporter Ji-hwan Park] Precision diagnostics platform company Ngenbio announced on the 8th that it will establish a subsidiary, ‘Welfit,’ for its big data-based health curation platform business.

‘Welfit’ plans to continuously accumulate health big data such as personal genomic information and life logs to provide personalized health curation platform services. The health curation platform offers services that identify and recommend optimal health functional food ingredients for users and also verifies the effects of the consumed foods.

An Ngenbio official stated, “Domestic and international healthcare companies are showing great interest in Welfit’s business model and personalized curation platform technology, including considering equity participation,” adding, “We will maximize synergy between the two companies by combining Ngenbio’s business areas of direct-to-consumer (DTC) genetic testing and microbiome testing.”

In fact, Ngenbio obtained a patent last year for a ‘method and service system for diet and exercise recommendation using integrated health information’ to be applied to platform technology. It also completed domestic patent registration for a ‘personal medical information provision system using blockchain technology,’ securing technology to prevent forgery and ensure security of personal information.

Choi Dae-chul, CEO of Ngenbio, said, “Based on health big data, we will create new value by providing specialized solutions with the best partners in various healthcare markets such as the medical home appliance market, fitness market, and customized health food market.”

This content was produced with the assistance of AI translation services.