COVID-19 Test kits in India may see 13x increase as Serum Institute invests in MyLab
By MYBRANDBOOK
Serum Institute invests an undisclosed amount in My Lab that received government approval to produce COVID-19 test kits in a bid to ramp up testing in India.
The partnership is targeted at scaling up the production of COVID-19 test kits as well as expanding the lab's molecular diagnostic solutions capability. According to a statement shared by the firm with a news source, MyLab will be ramping up production of COVID-19 test kits from 1.5 lac units per week presently, up to 20 lac (2 million) units per week within the "next few weeks".
Adar Poonawalla, Chief Executive of the Serum Institute of India, further stated that with the ramping up of production, the shortage of COVID-19 test kits in India will end "in a month or two".
Earlier this week, MyLab Laboratories announced that it has received clearance from the government of India to supply test kits that will help detect more COVID-19 cases in the country, and help authorities understand at which stage of the coronavirus pandemic is our nation at. The test kits have been priced at Rs 1,200, which is significantly lower than the Rs 4,500 pricing mark that they were previously pegged at.
MyLab COVID-19 test kit has received clearance and approval from the Indian Food and Drug Administration, the Central Drugs Standard Control Organisation (CDSCO) and the Indian Council for Medical Research (ICMR), and over the coming two weeks, will see the introduction of new production lines that should increase the supply of test kits all across the healthcare sectors of India.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
AMARA RAJA POWER SYSTEMS LTD.
NUMERIC INDIA, A Group Brand Legrand
SECLORE TECHNOLOGY PVT. LTD.
TAC SECURITY SOLUTIONS
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
Technology Icons Of India 2023: Bhavish Aggarwal
Ola CEO Bhavish Aggarwal had formed Ola-India’s largest mobility pla...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...