~ The Kochon Prize is presented annually by the Stop TB Partnership, a hosted entity of the United Nations Office for Project Services (UNOPS), working towards tuberculosis (TB) elimination ~
~ The 2024 Kochon Prize recognizes people, teams, or organizations that, day by day, demonstrate how to successfully ensure access for people with TB to the latest tools, innovations, and innovative approaches that are leading to impact on the UN General Assembly High-level Meeting (UNHLM)’s targets ~
Goa, India – October 29, 2025: Molbio Diagnostics, an innovative point-of-care diagnostics company, has been awarded the KOCHON Prize 2024 by the Stop TB Partnership.
This recognition honours Molbio’s work in ensuring access to the latest tools, innovations, and approaches for people affected by Tuberculosis (TB) and in advancing progress toward the UNHLM targets. With this award, Molbio becomes the first private company globally—and only the third Indian entity after the Indian Council of Medical Research (ICMR) and Dr. L.S. Chauhan—to receive this distinction.
About the Kochon Prize
Awarded annually by the Stop TB Partnership, the Kochon Prize recognizes individuals and organizations that have made significant contributions to combating tuberculosis. Established by the Kochon Foundation in memory of its late chairman, Chong-Kun Lee, the award carries a prize of USD 65,000 and a medal, making it the world’s largest award specifically dedicated to TB.
The 2024 theme recognizes people, teams, or organizations that, day by day, demonstrate how to successfully ensure access for people with TB to the latest tools, innovations, and innovative approaches that are leading to impact on the UN High Level Meeting targets.
Decentralizing TB Diagnosis Through Innovation
Truenat® is a portable, battery-operated, real-time PCR system. The compact and portable nature of the platform ensures that diagnostic testing can be conducted without the need for extensive laboratory infrastructure, reliable electricity, power backup, or air conditioning.
Beyond TB, Truenat® has been adapted for use in testing for other infectious diseases such as hepatitis, COVID, and HPV.
While public sector institutions such as ICMR have been previously recognized, Molbio is the first private innovator company worldwide to receive the Kochon Prize.
“Molbio is committed to expanding access to accurate, rapid, and cost-effective point-of-care technologies for diagnosing both infectious and non-communicable diseases. It is deeply fulfilling to see India’s indigenous innovation driving better health outcomes across the world. This recognition is a tribute to the unwavering dedication of our teams who have worked relentlessly to translate that vision into reality.”
— Dr. Chandrashekhar Nair, Chief Technical Officer, Molbio Diagnostics Limited
“We express our sincere gratitude to the Government of India and the Indian Council of Medical Research (ICMR) for their unwavering support and for endorsing the Truenat®️ platform. We also extend our thanks to the World Health Organization and the global TB community for their trust and continued support in endorsing and adopting the platform. As a gesture of appreciation, Molbio is contributing the prize money back to the Stop TB Partnership — reaffirming our shared commitment to ensuring that communities affected by TB have a strong voice and active role in shaping and advancing TB programs worldwide.”
— Sriram Natarajan, Executive Director and Chief Executive Officer, Molbio Diagnostics Limited
Molbio’s Truenat® platform has been endorsed by the World Health Organization (WHO) and the ICMR, and over 10,000 devices have been sold in over 80 countries as of March 31, 2025.
About Molbio Diagnostics Limited:
Molbio Diagnostics Limited is an innovative point-of-care diagnostics company focused on expanding access to accurate, rapid and cost-effective healthcare technologies to diagnose infectious and non-communicable diseases. The company’s novel Truenat®️ PCR platform is endorsed by the WHO for initial diagnosis of TB and rifampicin resistance detection using molecular diagnostic technology. The company offers its products globally to public health programs, diagnostic laboratories, and private and public hospitals. For more information about Molbio Diagnostics and its initiatives, please visit https://www.molbiodiagnostics.com/
For more information, please contact:
Ankita Bandiwadekar | +91 8888700069 | Adfactors PR
Mail us at molbio.apr@adfactorspr.com
DISCLAIMER:
Molbio Diagnostics Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with Securities and Exchange Board of India (“SEBI”) with the Registrar of Companies, Goa, Daman and Diu at Panaji. The DRHP is available on the website of the Company at www.molbiodiagnostics.com/investors, the website of the SEBI at www.sebi.gov.in, as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited at www.investmentbank.kotak.com, IIFL Securities Limited at www.iiflcap.com, Jefferies India Private Limited at www.jefferies.com and Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
The Equity Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in “offshore transactions” as defined in and in reliance on, Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made.