Goa-based Molbio Diagnostics recently announced an $85mn fund raise from Singapore’s Temasek at an enterprise value of $1.5 bn reportedly making it India’s first ‘unicorn’ in the medical devices sector. Its flagship Truenat is a relatively low-cost, portable and miniaturised polymerase chain reaction (PCR) technology platform or micro PCR. The platform takes molecular biology testing for life-threatening … Continue reading The point-of-care bet. In conversation with Molbio’s founders
Tag: medical devices
“Come into my parlour..” India’s strange #medtech pricing decisions
Correct me if I am wrong but I do believe that the Union Ministry of Health and Family Welfare just acknowledged that when prices of a product are fixed, manufacturers are discouraged from entering the market. And that competition brings down prices. Yes, you read that right, competition, and not price control. In a revealing … Continue reading “Come into my parlour..” India’s strange #medtech pricing decisions
Will India’s new #FDI policy in #MedTech have the intended effect?
India has decided to liberate foreign direct investment (FDI) in the medical devices sector from the conditions imposed on its pharmaceutical cousins. This begs the question : to what end? To recap, from January 21, FDI in medical devices will qualify for automatic approval of up to 100 per cent. Notably, this is irrespective of … Continue reading Will India’s new #FDI policy in #MedTech have the intended effect?