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Triesta Unit of HCG to combine with Strand Life Sciences

Press Trust of India  |  New Delhi 

today announced execution of definitive agreements for the business combination of its unit Triesta Sciences with bio- firm Ltd.

The combination of Triesta and Strand creates an integrated platform with end-to-end capabilities in precision medicine, (HCG) said in a filing to

HCG Chairman and B S Ajaikumar said: "Strand and Triesta have been working together in and clinical We are now excited to combine our strengths and resources towards redefining precision medicine."

Strand, a from the Indian Institute of Science, is the in genomic testing for and inherited diseases in , the filing said.

"Together we are well on the path to building Asia's leading integrated analytics driven diagnostic and research company. Through this alliance we will work together to be at the forefront of precision medicine," Strand Founder and said.

Shares of today closed 5.17 per cent higher at Rs 295 per scrip on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 04 2018. 16:05 IST