NZ diagnostic company Pictor scores major licensing deal for low-cost blood test

Fri, 26 Feb 2016

By Fiona Rotherham Feb. 26 (BusinessDesk) - Auckland-based medical diagnostics company Pictor has scored its first major commercial deal, signing a licensing and distribution deal for its low-cost blood testing kit 10 years after the business started out in the founders’ garage. Now, Pictor is now seeking to raise $5 million from strategic investors to hire more staff, scale up its limited manufacturing facilities, get into new markets, and expand the number of tests in its portfolio. Wife and husband team Sarita and Anand Kumble, who...

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