Bangalore MedGenome

MedGenome

Leader in genomic diagnostics, research, and data for global growth markets

Industry:

Genomic Testing

Region:

South Asia

375,000 0 +

Genetic tests conducted annually

200,000 0 +

Patients

15,000 0 +

Clinician partners

MedGenome is a global leader in genetic diagnostics, multiomics research and data, with a focus on improving the health of populations across 35 emerging markets. MedGenome is committed to delivering world-class genomic solutions with greater precision and accuracy to empower every human being for better management of their health’ to ‘empower better management of health.

Approximately 40% of diseases are influenced by genetics, including major disease areas such as cardiovascular, metabolic disorders, cancers and rare diseases.1 This makes genetic testing a powerful tool to prevent and diagnose disease as well as to tailor more effective treatment therapies.

Many blockbuster drugs, for example, tend to be effective for only 30% to 50% of patients using them. In India, improving drug efficacy is vital to relieving the country’s ailing hospital system, with only 0.7 doctors per 1,000 patients.2

Despite the revolutionary advances in healthcare delivered by genomic testing, in India and other emerging markets this powerful technology has typically been too expensive for average consumers. Low awareness amongst clinicians of the benefits, alongside a lack of adequate screening and diagnostic facilities also exacerbates the challenge of providing genetic tests.3

As a consequence, global genomic databases have focused on developed markets like the UK and US, overlooking the diverse genomes present across South and Southeast Asia.4 While Indians represent 20% of the world’s population, their DNA sequences comprise under 0.2% of information in global genomic databases.5

1 Lakhani, C.M., Tierney, B.T., Manrai, A.K. et al. Repurposing large health insurance claims data to estimate genetic and environmental contributions in 560 phenotypes. Nat Genet 51, 327–334 (2019)| 2 World Bank, Physicians (per 1,000 people) – India, 2020 | 3 Front Genet. A review on the challenges in Indian genomics research for variant identification and interpretation, 2020 |4 Nature, The GenomeAsia 100K Project enables genetic discoveries across Asia, 2019 |5 Economic Times, The future of genomics in India, 2023

Next generation sequencing improves the accuracy of diagnosis and treatment for rare diseases in India Next generation sequencing improves the accuracy of diagnosis and treatment for rare diseases in India
Source: MedGenome, 2022.
Next generation sequencing improves the accuracy of diagnosis and treatment for rare diseases in India Next generation sequencing improves the accuracy of diagnosis and treatment for rare diseases in India
Source: MedGenome, 2022.

MedGenome is a genetic diagnostics and research company with a focus on next generation sequencing (NGS). The company serves over 200,000 patients annually, providing more than 1,300 tests.

Founded in 2013, MedGenome has developed a model of accessibility to deliver diagnostic tests to a global standard, at a fraction of the cost of Western providers. MedGenome’s genetic testing provides insights into complex diseases to aid in research and drug discovery for oncology, diabetes, ophthalmology, cardiology, and rare diseases, as well as proving information to aid in early diagnosis and preventative treatment.

The company is the first, largest and most established genomic medicine company in India, with three business segments. It conducts research, provides NGS services for global pharmaceutical companies and academic clients, and licenses its genetic database to build drug discovery platforms.

MedGenome has a significant early mover advantage and has relationships with key specialised hospitals and physicians. To date, the company has obtained samples from over 5,000 hospitals and 15,000 clinician partners across the globe. The company has developed a diverse range of tests for reproductive genetics, inherited disease genetics, cancer genetics and infectious disease genetics.

In 2021, MedGenome introduced a direct-to-consumer genomics product called Genessense, which provides genetic and health risk scoring, carrier screening, drug response, and ancestry data to patients.

MedGenome is leading a new health revolution in India, and most importantly, working with regional hospitals as well as clinicians to drive expansion into both Southeast Asian and African markets that have limited genomic diagnostic capabilities. This expansion will fuel further inclusivity and expand the global genomic data pool used to design and create effective therapeutics, improving the relevance of therapies for millions of emerging consumers and reducing the non-communicable disease burden.

Genome sequencing process at MedGenome Genome sequencing process at MedGenome
Source: MedGenome, 2022.
Genome sequencing process at MedGenome Genome sequencing process at MedGenome
Source: MedGenome, 2022.

LeapFrog is working with MedGenome to support strategic international expansion and improve affordability for emerging consumers.

LeapFrog believes that genomic sequencing will anchor the future of medicine – not only to drive access to care, but to develop an ecosystem that is more reflective of the consumers that global healthcare seeks to serve. LeapFrog’s investment enables MedGenome to rapidly consolidate its position in Asia and become a significant player in the global market for drug discovery and precision medicine.

Since investment, LeapFrog has assisted with several value creation levers including making introductions through our diverse network and helping the company drive expansion efforts into new markets in South and South-East Asia, the Middle East, Eastern Europe, Africa and United States, enabling the creation of more diverse data sets. In addition, the investment team continues to work with management to evolve the company’s direct-to-consumer marketing strategy.

Talent Accelerator, LeapFrog’s in-house talent development program, is assisting the MedGenome team to evaluate the company’s structure and build a strong management team for the next phase of growth including the appointment of Martin Dewhurst as chairman of the company’s advisory board.

In September 2022, LeapFrog supported and participated in a follow-on $50 million investment round for MedGenome, led by international life science investor Novo Holdings. This round seeks to expand the company’s reach into Tier 2 and Tier 3 cities in India, and into other emerging markets.

Last updated September 2024.