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Alkem MedTech entered into an agreement with Exactech to manufacture and market Exactech’s hip and knee joint replacement implants in India.
This collaboration marks the first of its kind in the musculoskeletal space in India, providing Alkem MedTech with access to the design, manufacturing expertise and marketing rights of Exactech’s globally-recognized brands (Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation and Novation CFS) in the region.
This strategic venture will be Alkem MedTech’s first foray into the implantable medical devices sector. By leveraging Exactech’s expertise and Alkem Medtech’s capabilities, the partnership aims to set new benchmarks in the Indian medical device market.
“The agreement between Alkem MedTech and Exactech represents a significant step forward for manufacturing medical devices in India,” said Kaustav Banerjee, Chief Executive Officer of Alkem MedTech. “It aligns with the Government of India’s mission to promote the end-to-end manufacturing of high-precision medical devices within the country.”
“Partnering with Alkem MedTech gives Exactech a new opportunity to provide our advanced, comprehensive hip and knee implants to patients in India,” said Adam Hayden, Exactech’s Chief Marketing Officer and Senior Vice President of Large Joints Business Unit. “We look forward to addressing one of the largest underserved and fastest growing patient populations in the world with our innovative solutions. Alkem, as an established and respected healthcare company with broad capabilities, will be instrumental in the process, and we are proud to be Alkem MedTech’s implant partner of choice to help propel their expansion into orthopaedics.”
Source: Alkem MedTech
