US firm DiabetOmics sets up manufacturing unit in Hyderabad

DiabetOmics Inc, a US-based medical diagnostics company, today launched its new manufacturing facility here.
Telangana Minister for IT and Industries K T Rama Rao inaugurated the plant which will manufacture non-invasive point-of-care diagnostic tests for monitoring diabetes, the company said in a press release.
The facility, constructed on a three-acre plot with a built-up area of 34,000 sq ft, will cater to the global needs of DiabetOmics , it said.
The unit has an annual manufacturing capacity of 10 million test strips and can assemble 15,000 readers to begin with. The commercial production is likely to commence in the second quarter of 2018, it added.

Varaprasad Reddy, Chairman, DiabetOmics Medical (P) Ltd, said the vision of the company is to bring affordable, accessible and easy-to-use diagnostic tests for monitoring of diabetes to those who need it most.
"With the new facility we are well on the way to realising this vision; our non-invasive and patient-friendly diagnostic tests are one fifth the price of other available options," Reddy said.