Mylab picks up majority stake in point-of-care testing firm

Sanskritech has develop a point of care testing platform Swayam that can do 70 tests on the spot

Adar Poonawalla backed Pune based biotech company Mylab Discovery Solutions has acquired a majority stake in Sanskritech, developer of a platform Swayam – a point of care testing system.

Mylab did not disclose the deal size.

The Swayam platform covers 70 test parameters and also has a tele-medicine facility. Mylab will now establish PoC testing systems at doctor clinics, nursing homes, community health centers, airports etc, the company said. This would be done through laboratory partners.

Hasmukh Rawal, MD of Mylab said that the patients will get results within 20-minutes. “The Covid19 pandemic has created a paradigm shift in the