Beleaguered cancer-treatment firm Singapore Institute of Advanced Medicine has plans in place to make 2025 a better year than the troubled 12 months it just endured.
The firm, which listed here in early 2024, aims to be included on more insurance panels to help spread word of its services and make new technologies available to patients.
It also wants to explore new business areas, such as working with research centres and taking part in drug trials, to create other revenue streams.
The turnaround strategy comes after an auditors' report on Dec 9 cited material uncertainties that cast doubt on the firm's ability to stay afloat.
The healthcare group had reported on Oct 30 that it racked up losses after tax of $37.4 million for the 12 months to June 30, 2024, from continuing operations. Current liabilities exceeded current assets by $7.9 million as at the same date.
The company responded by announcing on Dec 12 that it had set up a strategic review committee to look into improving its performance.
The Catalist-listed company said in a Dec 26 Singapore Exchange (SGX) filing that there was no guarantee that it could generate "significant" revenue or profitability. There was also no assurance that even if it was profitable, it could sustain that profitability.
The company was founded in 2011 and focuses on diagnosing and treating various diseases and health conditions, including cancer.
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
GRANNY LIFTS THE BAR ON KEEPING FIT
Ms Cheng Chen Chin-mei beamed broadly as she hoisted a 35kg weightlifting bar to her waist, dropped it and waved confidently to the enthusiastic crowd in a competition in Taipei.
Youth rewrite social norms
It has always been the case that young people drive societal change.
Zoo pygmy hippo adored by internet
For users scrolling through TikTok, X and Instagram, one animal has emerged as the undisputed star of 2024: Moo Deng, a baby pygmy hippopotamus at Khao Kheow Open Zoo in Chonburi, Thailand.
Warabimochi gives snack lovers much to chew on
Singapore was mad for mochi in 2024, the craze sparked by the arrival in February of popular Japanese brand Warabimochi Kamakura.
Virtual Travel Tools Take Off
Virtual tools reshaped the travel landscape in 2024, driving innovation and transforming experiences for travellers worldwide.
X factor behind pop princesses' reign
From Charli XCX and Sabrina Carpenter to Chappell Roan and Billie Eilish, women ruled the airwaves in 2024.
Ugly shoes stand out
In an era when fashion trends come and go faster than you can lace up your sneakers, one movement has proved its staying power: ugly shoes.
TikTok's very mindful, very demure influence
You see how TikTok continued to foster the exchange of ideas and philosophy between borders and cultures in 2024? Very mindful, very demure.
Quitting the F&B scene
La Dame de Pic, Tippling Club, Gemma, Art di Daniele Sperindio, Sushi Kimura, Beni, Chef Kang's, Sommer and Braci are all restaurants that fine-dining fans might recommend as must-visit places in Singapore.
Rising mercury shifts seasons
The year 2023 was recorded as the hottest in history, and 2024 is on track to surpass it.
