IFC pumps US$16.5m in MedGenome in bid to increase COVID-19 testing in India

INDIA- International Financial Corporation (IFC), member of the world bank group, is pumping US$ 16.5 million worth of funds into MedGenome, a genetic diagnostic and research company. The financial boost and partnership are aimed at ensuring there is increase in access to COVID testing in India as well as provide leverage to research further about the virus, its variant and how to manage future pandemics. IFCs investment in MedGenome is part of its US$ 4 billion Global Health Platform, which is providing financing to support the manufacturing and supply of…

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