10-16-2008: The San Diego Daily Transcript
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| The San Diego Daily Transcript
By Padma Naggapan
October 16, 2006 |
The main reason for this is convenience – it allows individuals to take the test within the privacy of their own homes and secondly, it is cost effective," Ilgaz said. "As we learned how the business works, we actually partnered with labs around the country and commercialized their technology and took it to market. It was easy for us to get started without any capital, since we partnered with them," Ilgaz said. The company produces the test kit locally, outsourcing a majority of the manufacturing to facilities in sports trainers, employers and parents to test individuals who they suspect may be abusing steroids, by using a urine test kit which they then mail to the company. Confirm BioSciences is well positioned for growth, having chosen to focus on a lucrative niche market.
A recent Deloitte Consulting report on opportunities in the life sciences industry noted that the home-based diagnostics market is expanding. Plans for the future include a line of new products, such as test kits for diabetes and cholesterol. "We are talking to major drug stores like Walgreens and CVS to distribute our products in their stores. Currently, our products are available on several Web sites and on Amazon.com,"said Ilgaz. Click here for full article. |
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