AP Nutripharm Pte Ltd (APN), formed in November, 2002 is a Singapore-based biotech and fermentation company. Together with the venture capitalists, Dr Mark Xu founded the company by acquiring the former Food Biotechnology Centre in Singapore’s PSB Corporation, which assets included a bio-reactor plant and laboratory facilities, and know-how for submerged cultivation technology of Cordyceps sinensis. Acquisition gives the APN a significant competitive edge in the field of biological healthcare or therapeutic products.