Goa-based Molbio Diagnostic raises $85 Mn led by Temasek


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Goa-based Molbio Diagnostics, which spearheaded India’s Covid-19 screening with portable and battery-operated real-time RT PCR point of care (PoC) testing system, has raised $85 million in a new round led by Temasek. The proceeds will be used to strengthen and catalyze the company’s ability to develop and commercialize a host of near-care technologies based on clinical need gaps, the company said in a press release.