Lupin has introduced the launch of its new second regional reference laboratory in Bengaluru. The corporate additionally plans so as to add one other 17 in FY24, of which 7-8 might be within the southern a part of India and the remainder within the areas the place it’s already current in West India. Within the South, it already operates a lab in Hyderabad and intends to increase to areas together with Hubli, Vijayawada, Mysuru and Chennai.
“Our longer-term imaginative and prescient is to have 100 labs by 2027-28, with the main target being to ensure that we don’t open too many labs, however no matter we open, we ensure that the utmost variety of texts occur there itself in order that the affected person will get to report on time,” stated Ravindra Kumar, CEO of Lupin Diagnostics.
In accordance with the corporate, the full diagnostic market in India is ₹90,000 crore, yearly rising nearly 15-16 per cent CAGR y-o-y with solely 16 per cent being managed by organised gamers.
Presently, it operates 25 laboratories and has greater than 410 assortment facilities throughout India. Furthermore, it plans to have 1,000 assortment facilities by March 24. Kumar additionally stated the corporate is specializing in bringing in some new assessments that aren’t accessible within the nation. “Inside the span of the subsequent three months, we’ll discover one thing very attention-grabbing from our finish as we are attempting to get these assessments which might be presently finished from the US and Europe to India.”
Of the 24 labs, one is a nationwide reference lab, six are regional reference labs and the remainder are all satellite tv for pc reference labs. He added that the intention is to verify the corporate serves near a 200-km radius via one lab. “In order that the turnaround time is similar day for routine assessments. And for high-end assessments which have to come back to RRL, it additionally goes a lot sooner.”
The brand new laboratory in Bengaluru is provided with superior applied sciences, and along with routine and specialised assessments, the laboratory affords a complete vary of diagnostics companies, together with molecular diagnostics, cytogenetics, move cytometry, cytology, microbiology, serology, haematology, histopathology, immunology, and routine biochemistry, amongst others.
Presently, the corporate employs greater than 450 folks throughout quite a lot of labs and assortment centres, and “after we attain a energy of near 100 labs, we could have an worker base of round 1,500-1,700.”
Lupin Diagnostics Ltd is a completely owned subsidiary of Lupin Ltd. Based in December 2021, the corporate is headquartered in Mumbai and gives complete vary of diagnostic companies to docs, sufferers and customers.
