BioVoice News May 2017 Issue 12 Volume 1 | Page 38

bio chat On the clinical diagnostics side, while we get benchmarked against the world’s best, we also believe in the “Make in India” mandate, in particular, providing our products at affordable cost is a serious part of our vision every individual who wants to get screened, tested and regularly monitored should have access to these tests. As an organization, we believe this will minimize the disease burden on our economy and the financial burden on individuals. We also look at driving a larger alignment within doctor and patients towards precision medication and how relevant genetic diagnostics can support that. Align with government on helping form policies 38 BioVoiceNews | May 2017 that would drive alignment towards need for precision treatment in the areas of Oncology and Rare Diseases. Why don’t we see more indigenous startups or companies venturing into NGS? A space like NGS requires a high level of versatile intellect from the perspective of bioscience and bioinformatics. This obviously means aggregating the best of minds in both areas to collaboratively work together. For Strand Life Sciences, it has been a decade plus journey to get the levels of product depth, quality and market share it has today. Genomic analysis also falls under the ambit of big data. This space requires continuous innovation and investment that most commercially inclined organizations may not have the passion, patience and perseverance for. Strand Life Science as an organization has always tried to ensure a fair balance of academic spirit, with its Indian Institute of Science lineage, and market approach. How do you compare the past & future of Indian biotech industry? What are the challenges & opportunities? A few companies focused on different aspects of biotechnology emerged. These were on the bioinformatics or