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Donated fees from Covid testing marketplace see over £2 million go to UK charities
Melanie May | 6 April 2022 | News
Not-for-profit TestRAMP, which launched in 2020 as a marketplace for Covid-19 PCR testing, has now donated over £2 million to good causes, and is also about to launch a new service for genomic testing and profiling of other diseases.
During the pandemic, TestRAMP operated as a not-for-profit earning around £2.4 million in fees. Almost all of this, minus taxes and charges, goes to good causes, with over £2 million donated so far to charities including Alzheimer’s Society, ZSL, and Pilgrim’s Hospices.
TestRAMP has also established TestAID, a charitable foundation that operates as a restricted fund and which it hopes will be able to collaborate with other donors in the diagnostics sector in the future to support good causes in the life sciences.
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Mike Hudson, CEO, said:
“We say that we are 100% commercial and 100% philanthropic. That means we charge clients fees, but we operate as a not-for-profit and donate most of our revenue to charity. Our raison d’etre is to make diagnostic testing work better and to support charities at the same time.
“We’re now creating a marketplace so that healthcare providers can see which labs offer particular genomic tests, how much they cost and how quickly they are deliverable. We’ll also be helping labs to co-operate with each other, including to manage supply and demand.”
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About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.