Lord’s Mark Industries launch Lord’s Mark Microbiotech to pioneer Genome Testing in India
· Introducing saliva-based technology for genome testing through Lord’s Mark Industries’ brand MyDNA, which results 99% accuracy
· initial investment of INR 20 crore to generate revenue of INR 100 crore in 5 years.
Mumbai | July 05, 2023: Lord’s Mark Industries, a leading diversified business group, has launched a new wholly owned subsidiary – Lord’s Mark Microbiotech – to champion Genome Testing in India with their first online lab. The new subsidiary has been established as a part of celebrations to mark the successful completion of 25 years of excellence in business by Lord’s Mark Industries.
With the launch of Lord’s Mark Microbiotech, the company is also introducing saliva-based technology for genome testing through its brand MyDNA, which results 99% accuracy. The saliva-based test does not require the extraction of blood or a phlebotomist. An individual can do it after reading the enclosed instructions in the kit at their home. Lord’s Mark Microbiotech will aim to make the products and technology for Genome Tests available to the common people nationwide through doctors and healthcare providers. Through the company’s website, people can order Genome testing kits online which will be delivered within 48 hours and reverse pick up after the test is conducted. Lord’s Mark Industries also has its patented algorithm called SNAPPY for calculating the Polygenic Risk Score (PRS), which estimates an individual’s genetic risk (predisposition) for a trait or condition. PRS takes the sum (aggregate) of all known common variants to calculate an overall genetic risk for a particular disease.
Speaking on occasion, Mr Sachidanand Upadhyay, Founder of Lord’s Mark Industries, said, “Genome testing is an exciting new area with the potential to revolutionise healthcare in India. In this context, it is a matter of great pride that the launch of this new subsidiary coincides with the completion of 25 years of excellence in business by Lord’s Mark Industries. Lord’s Mark Microbiotech will focus on preventive Genomic testing for early detection, screening, and personalised interventions for diseases such as cancer, cardiovascular disorders, diabetes, or hereditary condition.”
The new subsidiary will aim to offer accessible and affordable Genome Testing in 48 cities nationwide. The initial focus will be on metro and Tier 1 cities and then Tier 2 and Tier 3 towns in the next 3-4 years. Using the cutting-edge technological expertise of Lord’s Mark Industries over the last 25 years and advanced scientific research, genome testing will help people get precise health risk insights through in-depth analysis and study of their genetic conditions.
Mr. Subodh Gupta, CEO of Lord’s Mark Microbiotech Private Limited, said, “We already have the technology for Genome testing. With the new subsidiary, we will focus on preventive Genomic testing for early detection, screening, and personalised interventions. The focus will also be on pharmacogenomics which can help optimise drug selection and dosages.”
Through regular screenings and monitoring, preventive genomics can help in early detection, timely interventions, and improved prognosis of diseases such as cancer, cardiovascular disorders, diabetes, or hereditary conditions. The genome testing kits of Lord’s Mark Microbiotech will provide an end-to-end preventive genetic testing solution. The price range for the genome testing kits will be between INR 8000 to INR 16,000. Lord’s Mark Biotech has an impressive R&D team of biotechnologists, statisticians, geneticists, bioinformaticians and medical counsellors with a technical expertise of 15+ years in genomics and big data domains. The company will also collaborate with leading scientific and research institutes to develop and deploy diagnostic tools for diseases like cancer and tuberculosis. It will make an initial investment of INR 20 crore to generate revenue of INR 100 crore in 5 years.
About Lord’s Mark Industries:
Lord’s Mark Industries with its business verticals in diagnostics, hygiene care and biotech/pharmaceuticals has a deep knowledge of testing and screening.
Lord’s Mark Industries has been delivering value to all stakeholders and partners by creating sustainable business to become a globally recognized brand in diversified industries. Incorporated in 1998, Lord’s Mark Industries Private Ltd. (Lord’s) started manufacturing computer continuous stationery and copier paper and slowly diversified to other segments viz; LED products, Solar Power Solutions & Solar Appliances, Lithium Batteries, Electric Scooters, Charging Stations apart from the diagnostics and Biotech/Pharmaceuticals
(This story has not been edited by News Mania staff and is published from a Media Release)
