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Human GmbH Diagnostics and Medsource Ozone Biomedicals announce JV for setting up of Human Diagnostics India
New Delhi (India), June 24: Human Diagnostics GmbH, Wiesbaden, Germany, a global player in the in vitro diagnostics industry, offering a broad portfolio of high quality made in Germany products to over 160 countries for over 50 years, and Medsource Ozone Biomedicals, one of the largest Indian IVD manufacturers, today announced the setting up of [...]
New Delhi (India), June 24: Human Diagnostics GmbH, Wiesbaden, Germany, a global player in the in vitro diagnostics industry, offering a broad portfolio of high quality made in Germany products to over 160 countries for over 50 years, and Medsource Ozone Biomedicals, one of the largest Indian IVD manufacturers, today announced the setting up of Human Diagnostics India (P) Ltd under a joint venture agreement between the two organizations.
Aligning with the Government of India initiative of ‘Make in India’, Human Diagnostics India is committed to offer world class clinical diagnostics products to the Indian market. As a part of long-standing association, Medsource Ozone Biomedicals has already begun the manufacture of Autoimmune diagnostic kits in India jointly with Human Diagnostics GmbH since past one year. The new initiative is aimed at enabling a much wider adoption and a deeper collaboration with Indian healthcare industry. Cutting edge clinical diagnostic platforms being introduced by Human will be channelled through the new joint venture company. Additionally, the plan is to bring German manufacturing and technologies to be adapted for Indian markets, making products affordable while maintaining German standards at all times. There is also potential for products being made in India to be taken to global markets through this JV.
Dr. Bjorn Breth, Managing Director, Human Diagnostics GmbH, Germany expressed his happiness and spoke on the potential of this Indo-German collaboration, “We are amazed with the potential that India presents. We are in this market for over 20 years and are glad to see the progress of the country, and the positive impact our products have created in healthcare space in developing economies. Dr. Arvinder Singh, Director, Human India (P) Ltd, said that we are excited on the road ahead for Human India Diagnostics – several new opportunities exist, and we can support our existing partners like never before. We shall bring together German technology and Indian manufacturing ecosystem for innovative, never thought before solutions in healthcare.”
