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Biobanks Market: Recovery, Adaptation, and Future Opportunities The biobanks market is experiencing significant growth, driven by the increasing demand for biological samples in medical research, drug development, and personalized medicine. Biobanks are collections of biological samples such as blood, tissues, and DNA, along with associated data, that are stored and made available for research purposes. These samples play a crucial role in advancing scientific knowledge in genomics, pharmacogenomics, and epidemiology, helping researchers better understand diseases, develop targeted therapies, and improve diagnostics. Market Drivers Several factors are propelling the growth of the biobanks market. One of the primary drivers is the rising demand for precision medicine. As medical research shifts towards more personalized treatment approaches, biobanks become essential in providing the data and biological samples needed to identify biomarkers, understand genetic predispositions, and develop tailored therapies. Additionally, the global increase in chronic diseases, including cancer, diabetes, and cardiovascular diseases, is leading to greater investments in research and the creation of biobanks to support the development of novel treatments. The market is also benefiting from advancements in genomics and bioinformatics, which allow for more efficient processing, analysis, and storage of biological samples. Technologies such as next-generation sequencing (NGS) and CRISPR have enabled more in-depth genetic analysis, further boosting the demand for biobank samples in genetic research. Furthermore, governments, pharmaceutical companies, and research institutions are increasingly recognizing the value of biobanks for drug discovery, clinical trials, and public health research. Read More@ https://www.kdmarketinsights.jp/

IppoPay experiences 94% revenue decline in FY24, swings to losses Chennai-based fintech startup IppoPay experienced a drastic 94% revenue decline, dropping from Rs 329.77 crore in FY23 to Rs 18.12 crore in FY24. Founded in 2022 by Mohan Karuppaiah and Jai Kumar, IppoPay functions as a payment aggregator, offering solutions such as QR codes, sound boxes, and lending options. The company has raised Rs 17.33 crore in funding over three rounds, with its latest seed funding in August 2024. Despite a valuation exceeding Rs 90 crore, IppoPay reported losses of Rs 52.40 crore in FY24, down from profits over Rs 100 crore in FY23. Key expenses included employee benefits, advertising, and professional fees, contributing to negative EBITDA and ROCE margins. #IppoPay #Fintech #PaymentAggregator #StartupNews #FundingRound #ChennaiStartups #StartupFunding #Entrepreneurship #TechNews #FintechStartups #BusinessInsights #StartupChallenges #TheKredible #News https://thekredible.com/blogs/ippopay-experiences-94-revenue-decline-in-fy24-swings-to-losses

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