Alkem MedTech, Exactech to manufacture, market knee, hip replacement implants in India

Exactech, a global medical device company headquartered in Gainesville, Florida, US

Alkem MedTech, a wholly-owned subsidiary of Alkem Laboratories, has entered into an agreement with Exactech, a global medical device company headquartered in Gainesville, Florida, US, to manufacture and market Exactech's large joint replacement implants in India.

The 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 recognised brands like Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation and Novation CFS, in India.

"The agreement between Alkem MedTech and Exactech represents a significant step forward for manufacturing medical devices in India," said Kaustav Banerjee, CEO, Alkem MedTech.

“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, 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.”