Alkem MedTech, a subsidiary of Alkem Laboratories, has announced a partnership with Exactech Inc., a global medical device company based in Gainesville, Florida. This agreement allows Alkem MedTech to manufacture and market Exactech’s joint replacement implants in India.
Exactech is known for its development and production of joint replacement implants, surgical instruments, and smart technologies that improve patient mobility. The partnership grants Alkem MedTech access to the design, manufacturing expertise, and marketing rights of Exactech’s brands, including Truliant, Optetrak, Logic Fit, Alteon, AcuMatch, Novation, and Novation CFS.
“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.”
This partnership marks Alkem MedTech’s entry into the implantable medical devices sector. The collaboration aims to enhance the Indian medical device market by offering world-class joint replacement solutions.
“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 orthopedics,” said Adam Hayden, Exactech’s Chief Marketing Officer and Senior Vice President of Large Joints Business Unit.