Holborn Wells, SpeedBio India JV to invest $1M for IVD manufacturing

Holborn Wells, a UK-based healthcare company that recently established an in vitro diagnostic (IVD) business unit in India has concluded a joint venture with New Delhi-based SpeedBio to establish an IVD manufacturing unit in India. SpeedBio is one of the leading IVD promoters in the region with a team of former executives from leading diagnostics and healthcare companies such as Siemens and CORE Diagnostics. The new venture is in line with the Government’s ‘Made in India’ initiative which will see the nation emerge as a major player in the provision of quality IVD products in a global supply chain. Both parties are expected to invest a total of $1 million over the coming months to establish the Holborn SpeedBio brand as a leading IVD provider for the market. The newly formed joint venture intends to launch and manufacture a portfolio of over 150 IVD products to market within the next year.