Voxtur Bio enters the fast-growing in-vitro diagnostic test kits market with wide portfolio
Posted by: Clara Fernandes at 10/07/2016 02:25:00 am
Mumbai October 07 th 2016 : Mumbai-based Voxtur Bio Ltd, equipped with world-class production facilities, has entered the fast-growing domestic diagnostic market by launching a wide range of in-vitro diagnostic kits and reagents.
Voxtur Bio, set up by young entrepreneur Viral Gandhi, was commercially commissioned in April this year and has already launched nearly 100 products in different categories of the in-vitro kit manufacturing sector dominated by just a handful of players in India.
Voxtur’s product portfolio covers the range of rapid testing kits for infectious diseases like HIV, HCV, HBsAg and Syphilis, along with rapid tests for seasonal diseases like Malaria, Dengue, Typhoid and Leptospira. In addition to the initial product portfolio, it has now focused on the OTC segment with hCG pregnancy testing kits, both under normal device format and mid-stream format. It also launched the entire range of Blood Grouping agglutination Sera, along with all the flocculation tests for Rheumatology.
Khushroo A. Pastakia, CEO & Executive Director, Voxtur Bio Ltd, said that currently the firm is working on the ELISA range for all the prominent infectious diseases and has also set up a huge infrastructure for manufacturing of blood collection tubes.
“In the initial phase, the company ventured into Hematology and Immunology, two of the four major segments of clinical diagnostics. The product portfolio under our stable includes Rapid Test kits, ELISA Test kits, Blood Grouping sera and other Flocculation tests to begin with. Later on, the company will be venturing into the other two remaining segments: biochemistry and microbiology, apart from highly automated clinical laboratory analysers in the clinical chemistry and haematology arena,” Khushroo said.
Voxtur boasts of its state-of-the-art infrastructure, that includes 40000 square-feet manufacturing unit, class 100000- and class 10000-certified facilities, sterile rooms, culture rooms and dehumidified rooms, air handling units, walk in cold rooms, forced draft ventilations, incubators, laminar air flow benches, bio-fermenters, autoclave ovens, automated antigen/antibody coating machines, high-speed centrifuges, UV chambers, deep freezers, electronic microscopes and much more.
The company has also put in place an active marketing plan for the domestic market and will be deploying its sales team of 100 members, positioned in simple two-tier structure. “We will be setting up our distribution channel by partnering with various stockists across India. There are around 300 small and big cities in India, amongst which we have shortlisted 100 big ones that need to be targeted during the first year, with an increase in count year after year. Gradually we may opt for a C&F/super-stockiest sort of business model for each state,” he added.
Sensing the potential in the market and the gap in supply, Viral Gandhi, the Chairman and the Managing Director of the company, started the work on the project a couple of years back. “One challenge was to source the right pool of talent which is technically sound, skilled and qualified, followed by shortlisting of the “top of line” products that can move in the IVD market, with ease and deliver the desired results,” said Viral.
A first-generation industrialist, Viral has over 20 years of expertise in catering to healthcare verticals like IVD and Pharma. Khushroo, a versatile professional, has been associated with the IVD industry for more than 16 years, handling the entire spectrum of corporate business management and operations at the domestic as well as global fronts.
About Voxtur Bio Ltd.
Voxtur Bio Ltd. is a FDA-licensed, GMP-, ISO 9001:2008- and ISO 13485:2003-accredited company, possessing state-of-the-art manufacturing facilities, producing CE-marked Clinical Laboratory Diagnostic Testing Kits.
Emphasis on in-house R&D has led Voxtur Bio in developing the most advanced and sophisticated technologies, for delivering high-quality diagnostic testing solutions in the space of in-vitro diagnostic tests.
Voxtur Bio has come up with distinctively enhanced IVD products to serve its end users, distributors and manufacturers (on OEM) around the globe. Ensuring highest levels of sensitivity and specificity, each of its product is put through several stringent quality control protocols, that assists its end-users to deliver desired results. Diagnosis being a pre-requisite for undertaking any medical treatment, Voxtur Bio is committed to saving lives of millions around the globe; by ensuring timely, affordable, accurate and innovative diagnosis.
Voxture Bio Ltd.
Voxtur Bio Ltd. is a FDA licensed, GMP, ISO 9001:2008 and ISO 13485:2003 accredited company, possessing state-of-the-art manufacturing facilities, producing CE marked Clinical Laboratory Diagnostic Testing Kits.
Emphasis on in-house R & D has led Voxtur Bio in developing the most advanced & sophisticated technologies, for delivering high quality diagnostic testing solutions in the space of rapid diagnostic test.
Voxtur Bio has come up with distinctively enhanced IVD products to serve its end users, distributors and manufacturers (on OEM) around the globe. Ensuring highest levels of sensitivity & specificity, each of its products is put through several stringent quality control protocols, that assists its end-users to deliver desired results. Diagnosis being a pre-requisite for undertaking any medical treatment, Voxtur Bio is committed for saving lives of millions around the globe; by ensuring timely, affordable, innovative and correct diagnosis.
The significance of IVD
Diagnostics comes before treatment, because one needs to know what is the disease, before any medication begins, so clinical diagnosis is of immense importance, under the healthcare segment.
Almost, 80% of the medical treatments worldwide are derived on the basis of pre-clinical laboratory diagnosis. Clinical Diagnosis is broadly divided into 4 major segments, namely Biochemistry, Hematology, Immunology and Microbiology.
Amongst these 4 major segments, we will be venturing into Hematology and Immunology during the introductory phase.
The product portfolio under our stable includes Rapid Test kits, ELISA Test kits, Blood Grouping sera and other Flocculation tests to begin with, later on the company would be venturing into Molecular Biology segment, with its PCR range of products.
Mr. Viral R. Gandhi, Chairman
Mr. Viral R. Gandhi, Chairman & Managing Director
BE (Mechanical), Business Management Studies.
• First Generation Industrialist.
• Director positions in couple of companies in India.
• Having 20 years of hard core experience in Business.
• Expertise in Designing, Developing and Manufacturing of Laboratory Plastic Consumables.
• 200+ Products designed & developed for Healthcare sector that Includes IVD, Microbiology & Pharma Sector.
• Developed a world class manufacturing facility for IVD Industry.
Mr. Khushroo A. Pastakia, CEO and Executive Director
Com, M.Com, MBA, MIS and CA
• Director position held in couple of companies in India and Abroad
• Exposures in In-vitro Diagnostic Products, Fully Automated Vision Inspection Systems. Fully Automated Laser Systems, Cardiovascular Stents & Balloon Catheters and Laboratory Plastic Consumables.
• Formation of overseas corporate bodies / Representative Offices in several countries across the globe.
• Management of Projects / Ventures / Corporate structures, domestically & internationally.
• Driving international & domestic Research & Commercial projects. Domestic & Global marketing, with effective Business development strategies.
• International operations management.
• Direct Global exposure across 90 countries worldwide.
• Liaison network with several UN bodies, Global Fund, CHAI, WHO, MSF, PFSCM, UNICEF, UNOPS, USAIDS, JSI, Red Cross, PSI, UNHCR, UNDP, CDC.
• Carried out product registrations with the Ministry of Health in 36 countries across the globe