Alkem MedTech and Exactech collaborate for knee and hip replacement implants in India

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Alkem MedTech announced it has entered into an agreement with Exactech Inc, a leading global medical device company headquartered in Gainesville, Florida, USA, to manufacture and market Exactech's large joint replacement implants in India.

Exactech develops, manufactures and markets joint replacement implants, surgical instruments and smart technologies that enhance surgeons' ability to improve patients' mobility worldwide. 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 like Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation and Novation CFS, in India.

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, ensuring that patients receive world-class joint replacement solutions.

"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."