–  R-Bridge will provide bespoke financing of US$40 million with a synthetic royalty structure and flexible repayment terms

–  Financing will accelerate Mirxes, Singapore-based miRNA tech company’s innovation and commercialization of cancer early detection solutions in new markets

–  Transaction underscores R-Bridge’s commitment to advancing life sciences innovations and expanding access to high-quality medical care

SINGAPORE, Jan. 13, 2025 /PRNewswire/ — CBC Group’s R-Bridge Healthcare Fund (“R-Bridge”) announces a US$40 million structured financing transaction with Mirxes Pte Ltd., a Singapore-based miRNA technology company specializing in cancer early detection and precision medicine. The financing will provide critical support for Mirxes’ ambitious growth and expansion into key global markets.

Mirxes is a pioneer in developing and commercializing accurate, non-invasive and affordable blood-based miRNA tests for the early detection of cancer and other diseases. Its proprietary product, GASTROClear^TM, is the world’s first and only In Vitro Diagnostics (“IVD”) product that has obtained regulatory approval for gastric cancer screening. With a proven 87.5% sensitivity for stage 1 cancers and 75% sensitivity for lesion sizes under 1 cm, GASTROClear^TM has set a new benchmark in cancer early detection since the regulatory approval obtained in Singapore in 2019. Furthermore, Mirxes’ recently completed 9,472-strong prospective clinical trial in China demonstrated superior performance on the safety and effectiveness of GASTROClear^TM as a novel, accurate and accessible screening solution for gastric cancer.

Mirxes continues to expand its innovative miRNA technology platform, supported by an industry-leading portfolio of over 90 patents and applications. Mirxes is also developing diagnostic solutions for lung, liver, and colorectal cancer, with a strong focus on ramping up operations in high-growth Asia Pacific markets, including Southeast Asia, China and Japan.

The US$40 million synthetic royalty-backed financing provided by R-Bridge is long-term with flexible and customized repayment schedule to meet Mirxes’ near-term strategic priorities. Proceeds from the financing will further accelerate its commercialization efforts in new markets and enable further innovation in its RNA diagnostic technologies.

As the largest healthcare-dedicated asset management firm in Asia, CBC Group manages over US$9 billion of assets. Founded in February 2020, R-Bridge is Asia’s first and only healthcare-dedicated structured financing fund, specializing in providing financing solutions backed by royalties and other cash flows.

Dr. Michael Keyoung, Senior Managing Director & Head of Private Credit and Royalty at CBC Group, said, “With Asia’s aging population along with other factors driving higher cancer incidence, the need for better and earlier cancer detection has become increasingly more urgent and important especially for gastric cancer which is more prevalent among Asian population. By providing this strategic financing, we are enabling Mirxes to scale its innovative miRNA technology platform globally, with potential to revolutionize cancer screening and diagnosis. This financing underscores our mission to support pioneering healthcare solutions that advance innovation and improve lives worldwide.”

“The escalating clinical and socio-economic burden of cancer is driving demand for accurate and accessible cancer early detection tests. We are proud to partner with R-Bridge, who shares a common mission, to deploy innovative cancer screening tests to save lives and healthcare costs,” said Dr. Zhou Lihan, Co-Founder and CEO, Mirxes. “This bespoke, synergistic and multi-faceted partnership with CBC Group is timely and critical to drive Mirxes’ commercial expansion in Asia-Pacific markets and to accelerate our clinical pipeline development.”

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About CBC Group and R-Bridge Fund

R-Bridge Healthcare Fund is an affiliate of CBC Group, Asia’s largest healthcare-dedicated asset management firm with an AUM of $9 billion, headquartered in Singapore with offices in U.S., Asia, and Europe. With a diversified, multi-product strategy, CBC Group focuses on platform- building, buyout, private credit and royalties, and real estate, across the healthcare space, including pharmaceutical, biotech, medical technology, and healthcare services.

R-Bridge was founded in 2020 to provide alternative, non-dilutive financing for healthcare companies backed by royalties, revenue interests and other cash flow generated by sales of healthcare products and services in Asia as well as globally, with the intent to generate attractive and non-correlated returns for investors. R-Bridge raised its inaugural fund in 2020 and is currently investing from its successor fund, RBF II.

For more information on CBC Group, please visit www.cbridgecap.com/.
Connect with us on LinkedIn (CBC Group).

About Mirxes

Founded and headquartered in Singapore since 2014, Mirxes is a leading RNA technology company committed to saving lives and reducing healthcare burden through innovative, accurate and accessible cancer early detection tests. Leveraging our proprietary, industry- leading miRNA detection platform, we have pioneered GASTROClear, a regulatory approved, first- and best-in-class blood In Vitro Diagnostic test for screening of gastric cancer. In collaboration with globally renowned academic clinical institutions, we have developed a maturing clinical pipeline of single and multi-cancer tests that covers high incidence and mortality cancers including Lung, Colorectal, Liver, Breast and Pancreatic cancers. Mirxes is commercializing our PCR and NGS based portfolio tests in Southeast Asia, China, Japan and US, supported by an integrated in-house capability of R&D, IVD product manufacturing and clinical diagnostic laboratory services.

For more information, visit https://mirxes.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/cbc-groups-r-bridge-announces-us40m-synthetic-royalty-backed-financing-for-mirxes-to-advance-global-expansion-302349180.html

Study examines the untapped potential of workers in the first of a series of studies comprising the refreshed “People at Work 2025” report, built on the ADP Research Global Workforce Survey

ROSELAND, N.J., Jan. 13, 2025 /PRNewswire/ — Employers that invest in continued learning and on-the-job development stand to reap bottom-line benefits that go beyond having a well-prepared workforce. According to the first study in ADP Research’s refreshed “People at Work 2025” report series, only a quarter (24%) of the global workforce is confident they have the skills needed to advance to the next job level in the near future, while just 17 percent of workers strongly agree their employers are investing in the skills they need for career advancement.

For employers, the need to prioritize skills development is deeper than building a workforce that keeps pace with today’s dynamic workplace. ADP Research’s analysis found providing employees with the skills of tomorrow is correlated to productivity, retention and reputation.

“Our research shows that a skilled workforce is more loyal to their employers—and more productive. Yet only a small fraction of workers are upskilled within two years of being hired,” said Nela Richardson, chief economist, ADP. “If companies want to benefit from the enormous technological advancement to come, they must start with investing in the skills and career progression of their workers.”

The skills development analysis launches “People at Work 2025,” ADP Research’s annual lens into the world of work that has been given a data refresh in 2025 in addition to being revamped as a series of reports on various workplace topics. The refreshed report is built on workplace data and topics from ADP Research’s Global Workforce Survey which has been conducted since 2015. “People at Work” provides comprehensive worker sentiment on how workers feel and think, as well as what they expect from their employer, with a purpose to empower employers to meet challenges and capitalize on opportunities amid a rapidly changing world of work.

The Untapped Potential of Workers 
In the first installment of the “People at Work 2025” report series, the ADP Research team examined the impact of skills development learned through on-the-job training and found most workers think their employers could be doing better when it comes to skills development. The analysis further finds the business opportunity that comes with building out comprehensive training programs that help ensure employees are prepared for tomorrow’s world of work.

“We found that education is not enough to fill the skills gap,” said Mary Hayes, research director of People & Performance at ADP Research. “Only 24 percent of workers are confident that they have the skills needed to advance in the next three years of their careers. The world of work is changing at light speed, and organizations need to do their part to close the skills gap.”

Other key findings include:

• The opportunity to get ahead is important, and not just for workers. When workers globally were asked to provide the top reasons why they would stay with their employer, the opportunity for career advancement is second only to flexibility in scheduling.
• Workers who feel strongly their employer is providing the training they need are nearly 6 times more likely to recommend their company as a great place to work.
• These same workers are also 3.3 times more likely to describe themselves as highly-productive.
• They’re also twice as likely to say they have no intent to leave their organization compared to workers who have the skills but lack on-the-job training opportunities.
• Cycle workers, those that do similar repetitive tasks daily, in particular have a dismal view of employer investment, with only 9 percent of men and 7 percent of women expressing satisfaction in their upskilling opportunities.

The refreshed “People at Work 2025” series will dive deep into key topics at a market-by-market level, crucial for the increasingly borderless world of work. Digging into some of the market-by-market findings from the skills development launch story, ADP Research’s analysis reveals:

• Workers in the Middle East & Africa were most likely to believe they have the skills needed to advance their career to the next job level in the next three years (38%), followed by Latin America (32%), North America (22%), Asia-Pacific (21%), and Europe (17%).
• Workers in the Middle East & Africa were also the most likely to say their employer invests in the skills needed to advance their career in the future (28%), followed by North America (18%), Latin America and Asia-Pacific (17%), and Europe (12%).
• By markets, workers in Nigeria were the most likely to believe they have the skills needed to advance their career to the next job level in the next three years (45%), followed by Egypt (44%), South Africa (42%), India and Brazil (37%), Saudi Arabia (36%), Chile (32%), Argentina (30%), and Peru (30%).
• By markets, workers in Egypt were the most likely to say their employer invests in the skills needed to advance their career in the future (35%), followed by India (32%), South Africa (29%), Saudi Arabia (28%), Nigeria (27%), Brazil and Thailand (24%), Vietnam and Singapore (23%), and Philippines (21%).

“People at Work 2025” Report Series Methodology
For the first time, “People at Work” is built on the ADP Research Global Workforce Survey, a robust study conducted annually since 2015. The survey was designed by ADP Research’s team of analysts by obtaining information about the labor market from the perspective of workers themselves, with the goal of providing insights that can improve the world of work by better understanding worker sentiment and expectations.

Based on survey data from nearly 38,000 working adults in 34 markets across six continents, “People at Work 2025″ features a more robust, representative sample of the global workforce to provide regional and market-to-market comparisons of worker sentiment in the Asia-Pacific region, Europe, Latin America, the Middle East and Africa, and North America.

Respondents come from a wide variety of industries, educational backgrounds, on-site and remote work environments and skill sets. They represent a range of management and individual contributor roles, working for employers of all sizes.

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A unique attribute of the “People at Work 2025” report series is its measurement of worker sentiment in granular detail across worker types using a proprietary methodology developed by ADP Research. In addition to demographic and employer characteristics, survey respondents are classified by the type of work they do – knowledge, skilled task, or cyclical – regardless of industry.

“People at Work’s” ability to gather sentiment along these different worker and geographical dimensions provides employers with a fine-tuned and granular view of the global workforce that they can leverage to better understand their workforces and drive growth through data-driven talent decisions.

“The future of work will be increasingly global and dynamic in its priorities,” said Richardson. “The new People at Work series format enables a more focused analysis of the data by topic and region, better ensuring worldwide business leaders with varying needs are provided with the same level of actionable research on a wide range of subjects impacting their employees.”

Each report will pair global trends with market-by-market insights on workplace topics ranging from artificial intelligence and inflation’s impact on having multiple jobs, to wage trends and career development.

Stay Up-to-Date on the “People at Work 2025” Report Series
Publishing throughout early 2025, the revamped “People at Work 2025″ report series can help companies stay on the right track for today’s workplace, while prepare them to capitalize on the opportunities that will come with the future of work.

To stay current on the latest studies in the “People at Work 2025” report series, visit here.

About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policymakers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

About ADP (NASDAQ – ADP) 
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, ADP Research Institute and ADP Research are trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2025 ADP, Inc. All rights reserved. 

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ShiftCents, Inc., also known as BankShift, an emerging leader in embedded banking innovation, is proud to announce the submission of an international patent application for its revolutionary Brand On Banking technology. This milestone builds on the company’s success in securing non-provisional patent-pending status in the United States in early 2024, further underscoring BankShift’s commitment to protecting its intellectual property on a global scale while addressing the growing demand for embedded banking solutions that enable financial institutions and brands to deepen consumer engagement and foster loyalty.

BankShift empowers financial institutions to white-label their consumer banking products for brands, driving new engagement, value, and loyalty. By leveraging this proprietary solution, financial institutions can distribute banking products within traditionally non-financial experiences, delivering modernized customer experiences while maintaining regulatory compliance.

The market for embedded banking is primed for transformation, representing a $1.5 trillion global fintech opportunity. Traditional financial institutions and brands are actively seeking solutions to seamlessly integrate banking services into their consumer ecosystems, creating deeper relationships and actionable data insights. BankShift is uniquely positioned to meet this need, offering a full-stack, turnkey solution that stands apart from conventional banking-as-a-service providers by enabling direct customer experience management while ensuring regulatory fidelity.

“We’re excited to take this next step in securing our innovation internationally,” said Rob Thacher, Founder and CEO of BankShift. “Our technology, already patent-pending in the United States, positions financial institutions and brands to build stronger, more personalized consumer relationships while driving significant growth together. This international patent filing reinforces our mission to modernize embedded banking and protect the value we bring to our partners.”

BankShift’s Market Impact

• Problem: Brands seek to stand out and deepen their connection with consumers by building financial relationships that provide valuable data and insights, ultimately driving sales and retention. However, financial institutions often lack the modern infrastructure and expertise needed to enable embedded banking.
• Solution: BankShift is a turnkey solution for financial institutions to distribute banking products within traditionally non-financial experiences, maintaining regulatory fidelity while enabling third parties to grow their business and enhance customer experiences to foster loyalty.

BankShift invites financial institutions and popular brands to explore the possibilities unlocked by its embedded banking technology. Consult with them today to learn more about how BankShift can revolutionize your embedded banking offering and elevate your brand presence.

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