Scientific looks beyond instrumentation
While retaining its
leadership in instrumentation, Axygen Scientific is now strengthening
its presence in molecular biology reagents and liquid handling systems
Axygen India is an offshoot of Axygen, USA, and
has set many milestones in the biotech supplies. The company has been
growing at enviable pace of around 40-50 percent in India annually. The
year 2008-09 saw revenues of Rs 29.5 crore with a growth of
33 percent as against the Rs 22.50 in fiscal 2007-08 with instruments
being the major contributor for the growth.
Axygen has established itself as one of the top companies in India
supplying plastic disposables used in high-tech research and then
started diversifying into instrumentation and other areas in 2004-05.
Labnet International was the first company which gave Axygen a foothold
in the instrumentation market. It is a US-based company that
operates in 55 countries globally.
This was followed by a series of tie-ups with instrumentation companies
like Nuve from Turkey, Poly Science from USA, Scie-Plas from UK and
Hoefer from USA.
The company’s presence in the instrumentation field can be
easily accessed by the number of installations (between 1200-1400) in
various parts of the country. Axygen is perhaps one of the strongest
players in electrophoresis in Indian market comprising
horizontal, vertical electrophoresis, electro blotting systems and
manual DNA sequences and has now set its goals on 2D electrophoresis
systems and already completed some of the installations in this area.
Axygen is a leader in the high throughput areas in India having a
market share of around 60 percent. In line with its mission to be
one-stop-shop, Axygen entered into molecular biology reagents through
its collaboration with Serva of Germany which contributed to more than
one crore rupees in the company revenues in 2008-09. Another
collaboration was with Flourotechnic, an Australian company
specializing in vital fluorescent dyes and The Gel Company which is
having a strong presence in the world market in capillary regeneration.
Axygen India has also tied up with Wellpro, the company dealing in
liquid handlers, and got its first installation in Mumbai through a WHO
funded project. The machine has now installed in Enterovirus Research
Center, Mumbai; an ICMR institute. The company has also focused on
outsourcing of certain business such as sequencing and oligos. In order
to strengthen its market share in the molecular biology reagents,
Axygen launched innovative range of taq polymerase, hot start taq,
DNTPs, PCR master mixes and Q PCR master mixes. Talking about the plans
for the future Navneet Trehan, CEO, Axygen, said, “We have
plans to introduce new products in this range in the next two-three
months. The company plans to strengthen its presence in molecular
biology reagents, robotics and genomics.”