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- “After launching COVID R-TPCR testing at Rs 299/- on July 6th 2021, PathStore finds its pricing strategy completely aligned with a recent Delhi government directive.
- The company appeals to other state governments to initiate similar interventions.
- PathStore estimates that a national pricing strategy similar to that of the Delhi Government could save the national exchequer USD 2 to 5 billion annually.”
New Delhi August 06, 2021:
French MNC and emerging pathology start-up PathStore France welcomes the landmark intervention by Delhi Government for initiating a price correction COVID-19 RT-PCR testing in the state.
On Wednesday, the Delhi government issued revised rates of RT-PCR test and Rapid Antigen Detection Test (RAT) for Covid-19. The RT-PCR test for Covid-19 will now cost ₹300 in the national capital when the samples are collected by government teams, according to an order issued by Delhi’s health and family welfare department and Rapid Antigen Testing (RAT) will also cost ₹300. Furthermore, charges for collection of samples for RT-PCR test through home visits (including all charges-visit, samples collection and testing) have been capped at ₹700.
Sharing his view-point on this revolutionary move, Anubhav Anusha, Global CEO and Founder of GeneStore and PathStore France, said, “We at PathStore congratulate the Delhi Government for making RT-PCR testing accessible to people. For the first time in the history of diagnostic testing the pricing of a RT-PCR test is equally matched to that of Rapid Antigen Testing. This unique situation now allows patients, especially those from economically weaker sections, to afford and choose gold-standard RT-PCR testing over the less senstive Rapid Antigen Test (RAT). Furthermore, the revised pricing strategy is a revolutionary move and will save the Delhi government and the citizens of Delhi approximately INR. 1000 Crores annually based on current testing volumes. This move by the Delhi Government will bring about a much needed price correction in the market and will be a trendsetter in the nation. Having launched PathStore RT-PCR testing at the same price last month, we as a brand are completely aligned with the Government policy and look forward to extending our support to the state administration. We hope other state governments will appreciate the precedent set and would introduce similar interventions in their respective states.”
As per PathStore, India needs to conduct 15 to 20 lakh tests per day at an estimated costs of Rs 3000 crores a month. However, at a price point of Rs 299/- per sample, the Company has projected overall savings of over USD 2 to 5 billion a year to the exchequer
Just about a month ago, PathStore France launched COVID-19 RT-PCR testing campaign ‘Abki Baar RT-PCR’, offering the test at INR 299 only in a bid to make COVID-19 RT-PCR test easily affordable as well as accessible in India. The company also launched India’s largest RT-PCR and biosafety level 3 testing laboratory, which is capable of handling 1 lakh samples a day, and will be led by an army of 500 medical representatives trained by Mayo Clinic, USA.
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HealthySoch
