A Respectful Recognition Of The Necessity For Pragmatism In The Biopharmaceutical Industry Informs The Leadership Of George Syrmalis, Group Ceo Of The Iq Group Global.
Dr George Syrmalis, Group CEO of The iQ Group Global, displays a sincere adherence to pragmatic values. Heading up a group comprising several companies dedicated to the biosciences, providing a turnkey solution spanning venture capital and investment banking, through to research, development, commercialisation and sales, George creates a mindset and an environment that prioritises innovation. He speaks with The CEO Magazine at a particularly exciting time for the Group.
A proposed relocation to the US means that the Group will be able to list two of its companies on the Nasdaq Stock Market: iQnovate Ltd, currently listed on the National Stock Exchange (IQN) and Glucose Biosensor Greater China-GBSG. iQnovate is a bioscience intellectual property asset manager and GBSG is the Greater China region licensee of the Glucose Biosensor, the world’s first non-invasive glucose monitoring test, intended to be used by people afflicted by diabetes. The biosensor monitors glucose in saliva instead of blood, saving patients of multiple finger pricks per year. The Group has acquired this IP from the University of Newcastle and continues to develop it with the same team that invented it. “It was time to consolidate our companies, and we decided that the US presented a much bigger market opportunity than the ASX,” George says. “American institutional investors are considerably more sophisticated than the local institutions, which avoid biosciences as much as they can.”
Given this development, George is eager to speak about the biosensor. Currently, the device measures glucose levels in an individual’s saliva. “What this means is that if you’re a diabetic, rather than finger-pricking up to eight times a day, you’ll be able to place the biosensor on your tongue,” he explains. “It will detect the glucose in saliva and then, through a smartphone, provide a measurement.”
This story is from the November 2018 edition of The CEO Magazine - ANZ.
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This story is from the November 2018 edition of The CEO Magazine - ANZ.
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