À̹ÌÁö È®´ë Oh Taek-gyu, president of Zet Biotech, introduces the company¡¯s veterinary diagnostic kit and reader. [Photo by Lee Young-wook]
A South Korean provider of in vitro diagnostics (IVD) solutions is under spotlight for its innovative quick and easy kit to learn whether livestock or companion animals are ill or not.
¡°This veterinary test kit is designed for easy and simple detection of animal disease. Pet owners do not need any training to use it,¡± said Oh Taek-gyu, president of Zet Biotech Inc.
The startup headquartered at Chungbuk National University was founded in 2014 and is staffed by a group of IVD researchers and marketing experts.
To use AnyLab, simply put a sample onto the test kit and wait for a result 10 minutes later. Eye booger, feces or blood of a dog or a cat can be used as a test sample.
¡°It is as easy to use as a pregnancy test kit. Two visible lines indicate a positive result. Vets as well as animal owners can use it,¡± said Oh.
The kit development was inspired by his discovery that the point-of-care test market for animals was 10 years behind that for humans.
His confidence in technology innovations for veterinary diagnostics led to the founding of the company.
Korea¡¯s animal diagnostics far lags in global market. Nasdaq-listed IDEXX Laboratories is already worth over $10 billion with its sales veterinary, poultry, and livestock diagnostics services and products gaining 11 percent on year to $1.78 billion last year. A Korean leader in the field reported sales of 20 billion won last year.
Zet Biotech is betting its technology to carve out a niche in the market. To ensure speed and accuracy, Zet Biotech employs an advanced new material in its kit, replacing existing detection materials.
¡°We can make a more affordable kit with comparable test performance by using this highly sensitive material,¡± Oh added.
By Lee Young-wook
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]