Skip to main content
Premium Trial:

Request an Annual Quote

MedGenome Acquires Indian Diagnostics Firm Prognosis Laboratories

NEW YORK – MedGenome said last week that it has acquired Indian diagnostics company Prognosis Laboratories for an undisclosed amount. 

The acquisition will allow MedGenome to expand its market presence and product portfolio, the company's India CEO Vedam Ramprasad said in a statement. Prognosis Laboratories, based in Delhi, offers a variety of services, including molecular diagnostics, clinical pathology, hematology, microbiology, serology, immunoassays, and histopathology.

"The state-of-the-art facility of Prognosis Laboratory and our expertise in genomics and personalized medicine will help us reach a larger audience and further augment MedGenome's diagnostic portfolio to accelerate the next phase of growth," Ramprasad said.

MedGenome currently has a College of American Pathologists-accredited genetic testing laboratory in India and a high-throughput next-generation sequencing laboratory in Foster City, California. Last August, the company raised $50 million in an investment round to expand its geographic reach and product offerings. In 2021, the company received $16.5 million from International Finance Corporation to increase access to COVID-19 testing in India.

Last month, MedGenome announced that it would distribute ChromaCode's PCR platform in India and the Middle East. 

The Scan

Positive Framing of Genetic Studies Can Spark Mistrust Among Underrepresented Groups

Researchers in Human Genetics and Genomics Advances report that how researchers describe genomic studies may alienate potential participants.

Small Study of Gene Editing to Treat Sickle Cell Disease

In a Novartis-sponsored study in the New England Journal of Medicine, researchers found that a CRISPR-Cas9-based treatment targeting promoters of genes encoding fetal hemoglobin could reduce disease symptoms.

Gut Microbiome Changes Appear in Infants Before They Develop Eczema, Study Finds

Researchers report in mSystems that infants experienced an enrichment in Clostridium sensu stricto 1 and Finegoldia and a depletion of Bacteroides before developing eczema.

Acute Myeloid Leukemia Treatment Specificity Enhanced With Stem Cell Editing

A study in Nature suggests epitope editing in donor stem cells prior to bone marrow transplants can stave off toxicity when targeting acute myeloid leukemia with immunotherapy.