Economic Times
 
MedGenome announced that it has acquired a stake in Odisha-based GenX Diagnostics. The Odisha-based diagnostics chain has an established, robust regional presence in the state, with seven diagnostic centres and 60 collection centres across the state, including a flagship laboratory in Saheed Nagar, Bhubaneshwar, accredited by both NABL and NABH.
 
MedGenome’s, state-of-the-art advanced science and technological capabilities, combined with GenX’s diagnostics leadership in the East, will empower the clinicians in Odisha with actionable insights from genetic data and enable them to prescribe targeted treatment for patients, improving healthcare outcomes. Through this partnership, GenX Diagnostics and MedGenome will leverage their combined expertise to deliver superior healthcare services, ensuring the people of Odisha have access to the best diagnostic and genomic solutions available.
 
Commenting on the acquisition, Dr Vedam Ramprasad, CEO, MedGenome, said, "With the acquisition of a stake in GenX Diagnostics, MedGenome will expand its market presence and product portfolio of over 1300 tests in order to cater to a wider population base more
effectively. GenX Diagnostics sits perfectly with our vision and mission to leverage genomics to address the unmet healthcare need in the country. Their mission to provide quality, reliable, and innovative diagnostic solutions align with our focus on improving access to broader
omics solutions. This acquisition further aims to expand our network in tier II and tier III cities in India by driving deeper penetration, new market development, and bringing new tests to the market. With a focus on positioning Indian genomics globally, we develop solutions that cater
to diverse markets worldwide.”
 
"We are thrilled to announce the expansion of our advanced healthcare solutions in Odisha through our partnership with MedGenome. This strategic collaboration aims to enhance healthcare services in the region, providing comprehensive and cutting-edge diagnostic solutions. We are committed to bringing sophisticated and advanced healthcare solutions to the people of Odisha. By combining our extensive product portfolio with MedGenome’s omics solutions, we will empower clinicians and consumers in Eastern India with the best diagnostic tools available,” said Dr Biswajit Mohanty, Managing Director & Chairman, GenXDiagnostics, Bhubaneswar.