Lupin forays into diagnostics business; launch expected next month

Also, Lupin is looking for franchise partners with an investment of Rs 2-5 lakh without any security deposit

Pharmaceutical major Lupin is foraying into diagnostics to leverage its ‘doctor-connect’ to tap a sector that has low entry barriers, gives high returns on capital employed, and is witnessing double-digit growth. A formal launch is expected next month, sources in the know said.

Lupin Diagnostics will be a part of Lupin Healthcare, a 100 per cent subsidiary of Lupin. It is in the process of recruiting the team, finalising franchise partners, and setting up a 45,000 square feet laboratory in Navi Mumbai.

The company did not wish to comment on the development.

Lupin has already hired an experienced team with background in the