In China, independent clinical laboratories are in a fast-growth mode. That’s the conclusion of RnRMarketResearch in a newly-issued survey of the clinical laboratory testing market in China. It estimates this market segment at US$407 million annually. RnR says that three lab companies meet the definition of “large-scale chain-store clinical laboratories.” They are KingMed Diagnostics, Adicon Clinical Laboratories, and Dian Diagnostics.
MORE ON: China
With lab testing growing at aggressive rates in China, this country has become an important market for in vitro diagnostics (IVD) manufacturers. Growth in the Chinese market helps IVD companies offset the slower revenue growth they are seeing in North America and Europe. Labs in these regions are encountering shrinking budgets for lab testing even as utilization is increasing.
ROCHE ACQUIRES CONSTITUTION MED
Roche Holding announced that it would pay approximately $220 million to acquire Constitution Medical Investors (CMI) of Westborough, Massachusetts. CMI has developed a hematology instrument system it calls “Bloodhound.” The company describes its product as combining “a digital morphologic analyzer, cell counter, and classifier into a single instrument that makes and stains its own slides.” CMI was funded by Warburg Pincus and founded by Patrick Sullivan and Daniel Levangie, both former executives of Cytyc Corporation.
- Robert E. Degnan was appointed as the President and Chief Operating Officer of Sysmex Canada, Inc. He will continue in his existing role as Vice President of Commercial Operations for Sysmex America, Inc. Degnan formerly held executive positions at Roche Diagnostics, where he worked for 23 years.
- Atossa Genetics, Inc., of Seattle, Washington, appointed Michael H. Kalnoski, M.D., as Medical Director. Kalnoski was formerly with the Puget Sound Institute of Pathology and has held medical directorships with several hospitals, PacLab, and Quest Diagnostics Incorporated.
Dark Daily Update
Have you caught the latest e-briefings from DARK Daily? If so, then you’d know about…
…the citizens petition filed by a coalition of laboratories and lab associations. The petition was sent to the FDA in response to the federal agency’s recent statements that it wants to regulate laboratory-developed tests (LDTs).
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