Mylab acquires majority stake in PoC startup Sanskritech

Pune-based Mylab Discovery Solutions has acquired a majority stake in Mumbai-based startup Sanskritech, the developer of Swayam, India’s first most advanced Point of Care (POC) Testing system with over 90 test parameters and telemedicine facility. Mylab will establish POC testing labs at doctor offices, nursing homes, community health centres, airports, etc. through lab partners to enable patients to get test results faster, at a lower cost and without the need to wait for hours. Swayam is a portable diagnostic and telemedicine POC system that can be used to create a small lab anywhere. Mylab will use its expertise in diagnostic solutions development, biosensors, robotics, liquid handling to further expand the test menu and embed Artificial Intelligence which will facilitate faster reporting and consultation with the doctor an even better experience.