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Moleac Named Singapore Entrepreneurial Company of the Year at the Frost & Sullivan Excellence in Healthcare Awards
Date:4/21/2009

SINGAPORE, April 21 /PRNewswire-Asia/ -- Moleac has been named the Singapore Entrepreneurial Company of the Year, by Frost & Sullivan. This award recognizes companies that have pushed the boundaries of excellence in the healthcare industry and acknowledges Moleac's outstanding performance in 2008. Mr David Picard, CEO of Moleac, received the 2009 Frost & Sullivan Asia Pacific Excellence in Healthcare Award for Singapore Entrepreneurial Company of the Year at the awards ceremony held this evening. The ceremony was attended by over 150 industry leaders from the region's healthcare sector.

Frost & Sullivan followed a rigorous measurement-based methodology to select Moleac as the recipient. Its independent panel of judges included senior members across different offices at Frost & Sullivan. The judging panel looked at market performance indicators, including revenue growth, market share, demonstrated leadership, geographical expansion and business/marketing strategies.

Sohini Mitra, research manager, Asia Pacific Healthcare practice at Frost & Sullivan, said, "Moleac has identified a need gap in the stroke recovery process and has adopted an innovative approach to address this void. NeuroAid, the company's flagship product, is derived from Traditional Chinese Medicine (TCM) and helps patients recover functional skills in the post stroke rehabilitation process -- addressing a gap that has not been filled by western medicine."

She further adds, "The approach of taking from TCM to fill a gap in western treatment options is not only innovative but is also highly efficient in terms of product commercialization. As the efficacy of TCM is proven, the company has been able to develop NeuroAid with relatively low investments and commercialize it in a relatively short period span of less than 5 years. In the short period since its launch, NeuroAid has become a product with global reac
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