Agreement with Super Religare Laboratories

RNS Number : 6503O

Omega Diagnostics Group PLC

15 October 2012

 



Omega Diagnostics Group PLC

("Omega" or the "Company")

Agreement with Super Religare Laboratories ("SRL"), India

Omega, the medical diagnostics company focussed on allergy, food intolerance and infectious disease, announces that, Omega Dx (Asia) Pvt Ltd, its fully owned subsidiary in India, has signed an exclusive agreement with SRL for the distribution of Food Detective® throughout India.  SRL is a leading pioneer of medical diagnostics in India with a network of over 200 laboratories and over 1,300 collection centres.

Food Detective® is the Company's consumer facing product which can test a person's reaction against 59 common food types.  The product has already been approved for use in India and has been specifically adapted for the Indian market.  The agreement will run for an initial period of one year but is extendable thereafter and has minimum performance targets that SRL are required to meet. 

Andrew Shepherd, Chief Executive of Omega added: "We are very pleased to be working with SRL, the most prominent laboratory network in India. Food Detective® has great potential in India where there is increasing awareness around health and well-being amongst a growing middle class population with rising levels of disposable income."

Dr Sanjeev K Chaudhry, MD of SRL Ltd said, "It has long been known that intake of certain foods can have profound effects on the physical and mental well being of susceptible individuals. This is even more evident in today's world with the huge variety of processed foods we now consume. Appearance of symptoms is often delayed and it can be difficult to identify the food which causes the symptoms. Launch of a simple and convenient Food Detective™ Test in India will prove to be a boon for people suffering from lifestyle related food reactivities."

Sanjeev Vashishta, CEO of SRL added: "We are pleased to partner with leading UK company Omega Diagnostics for FOOD DETECTIVE TEST. The addition of this test will complement and strengthen our food allergies/intolerance diagnostics portfolio in India thereby firmly establishing SRL as leader in this niche segment."

Contacts:

Omega Diagnostics Group PLC	Tel: [phone]
Andrew Shepherd, Chief Executive
Kieron Harbinson, Group Finance Director    Jag Grewal, Group Sales and Marketing Director	www.omegadiagnostics.com
Seymour Pierce Limited	Tel: [phone] www.seymourpierce.com
Mark Percy (Corporate Finance) David Banks / Katie Ratner (Corporate Broking)
Walbrook PR Limited
Paul McManus	Tel: [phone] Mob: [phone] [e-mail]

Information on SRL Diagnostics - Global Diagnostics network

SRL Diagnostics (SRL) is the veritable pioneer of medical diagnostics in India. The only diagnostics network in India to have 12 Reference Laboratories, 4 centres of excellence, over 200 network laboratories, 19 radiology/imaging centres, and a footprint spanning over 1300 Collection Centres. SRL has been imbued with a mission to deliver Gold Standard Diagnostic services, both in the field of Laboratory Medicine and non-pathology services, including Radiology and hi-end Imaging services.

SRL continues to revolutionalise diagnostic services in India by ushering in the most specialised technologies, and innovative services. Today its operations extend to the Gulf, North Africa, SAARC countries, Europe etc and it handles over 12 million test samples every year. 

Its research and development division is ISO certified and recognized by the Government of India's Department of Scientific and Industrial Research. SRL's wide range of tests provides quality diagnostic, prognostic and monitoring services to other pathology labs, hospitals and patients. It also provides clinical research services by conducting Phase I- IV clinical trials for multinational and Indian pharmaceutical and biotechnological companies, thereby supporting their international regulatory submissions. 

www.srlworld.com 

 

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