Alkem Laboratories announced on Thursday that its subsidiary, Alkem MedTech, has entered into a partnership with US-based Exactech Inc. to manufacture and distribute large joint implants in India. Under this agreement, Alkem MedTech will acquire the marketing rights for Exactech’s product lines, including Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation, and Novation CFS, within the Indian market.
The partnership marks a significant milestone for the domestic medical device industry, according to Kaustav Banerjee, CEO of Alkem MedTech. Adam Hayden, Chief Marketing Officer and Senior Vice President of Exactech’s Large Joints Business Unit, commented, “This collaboration with Alkem MedTech presents an excellent opportunity for Exactech to offer our advanced hip and knee implant solutions to patients in India.”
Alkem MedTech is a division of Alkem Laboratories Ltd., a well-known pharmaceutical company in India. Specializing in medical technology, it focuses on developing and delivering advanced healthcare solutions and devices.
The company is dedicated to improving patient care through innovative products that meet the highest standards of quality and safety. With a strong commitment to research and development, it aims to address critical healthcare challenges and enhance the overall efficiency and effectiveness of medical treatments.
Leveraging Alkem’s extensive experience in the pharmaceutical industry, the MedTech division is poised to make significant contributions to the healthcare sector both in India and globally. Exactech Inc. is an American medical device company that specializes in the development and manufacturing of orthopedic implant devices, related surgical instruments, and biologic materials.
Founded in 1985, the company is dedicated to improving patient outcomes through innovative solutions in joint replacement and orthopedic surgery. Exactech’s product portfolio includes implants and instruments for hip, knee, and shoulder replacement, as well as solutions for biologic materials and bone repair.
With a focus on research, development, and close collaboration with surgeons, Exactech is committed to enhancing the quality of life for patients with joint diseases and injuries, serving healthcare providers across the globe with cutting-edge technology and support.
