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54gene partners FCMB, others to donate mobile laboratories to Lagos, Ogun States

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
April 29, 2020
in Business News, Company News, Socio Economic
54gene secures N50 m, 54gene Closes $25M Series B to Advance Global Drug Discovery Capabilitiesillion from Union Bank as Nigerian banks unleash CSR to fight Coronavirus, 54gene partners FCMB, others to donate mobile laboratories to Lagos and Ogun States, Dr. Abasi Ene-Obong

Dr. Abasi Ene-Obong, CEO 54gene

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African biotech company 54gene has built and donated 2 new mobile laboratories to Lagos and Ogun States, increasing the total network of molecular laboratories in the country to 17.

The company has also announced similar plans to donate another mobile laboratory to Kano State, where the number of confirmed cases also appears to be on the rise.

According to the statement on the company’s website, these laboratories were made possible through a partnership with First City Monument Bank (FCMB), Ogun State government, and other partners.

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“This pilot was launched in collaboration with First City Monument Bank and Ogun State government, and made possible through the support of our partners: Argentil Capital Partners, Arnergy Solar limited, Tempohousing Nigeria and Wild fusion. We express our immense gratitude for their help in making this a reality,” the statement read.

(READ MORE: 54gene raises $15 million to boost African genetic code, as venture capital hits $19.5 million)

While FCMB and Argential Capital Partners are the financial partners for the project, Arnerg Solar Ltd, a Nigerian renewable energy company, will provide a steady power supply to the facility through a 10kVA solar power solution.

54gene partners FCMB, others to donate mobile laboratories to Lagos and Ogun States

How the funds were raised

In March, 54gene launched a fund targeted at increasing Nigeria’s testing ability for COVID-19, and within the last month, it accrued up to $500,000 in donations from private sector participants.

Each mobile laboratory is a 40ft container structure, designed as a plug and play feature that minimizes the time and cost challenges of shipping samples from one location to the other for processing.

“Our mobile laboratory is fully kitted with vital instruments including an autoclave, biosafety cabinet, centrifuge, heating blocks, vortexes, pipettes, and PCR machines to support COVID-19 testing.

“We have also helped build capacity by equipping molecular scientists with the necessary skill set required to handle the instruments in the mobile lab as they would in regular molecular testing laboratories,” the statement said.

(READ MORE: FCMB holds virtual AGM as shareholders commend performance, prove Dividend)

The company noted that with the cost saved on such logistics, the health agencies could channel funds to procure more test equipment and personal protective equipment (PPE) for healthcare workers.

With this development, 54gene’s mobile laboratories have become the first accredited private facilities to join the network of COVID-19 testing centers in Nigeria.

The first set of testing in the facility started in Ogun state on Monday, 27 April 2020.


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Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

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Comments 2

  1. Humphrey Onaburekhan says:
    April 30, 2020 at 9:39 am

    The government should encourage more private sector to invest in medicals. Even the facto medicinals -plants herbs, are also good for the cure of these virus ravaging mankind. Corporate bodies should emulate FCMB and collaborate with private sectors that are already into providing solutions to our health care.

    Reply
  2. Wisdom says:
    April 30, 2020 at 4:13 pm

    Okay Ruth, you are welcome.

    Reply

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