Alkem MedTech Pvt Ltd (AMPL), a wholly owned subsidiary of Alkem Laboratories (ALL), has announced it’s 1st business initiative.
It has entered into a design and technology transfer agreement with Exactech Inc (EI), a global medical device company headquartered in USA.
- AMPL will manufacture and market EI’s joint replacement implants for sale in India.
- The agreement seems to be primarily focused towards hip and knee implants.
- EI also has other solutions including shoulder, foot & ankle. Guess the future rampup would depend upon the success with initial products.
- Exactech’s brands that AMPL will have access to include Truliant, Optetrak Logic, Alteon, AcuMatch, and Novation.
- The commercial roll out is expected to take 1-2 years.
Personally, I believe this is an excellent diversification by ALL. Medical devices is an industry with huge potential in general and India in particular.
ALL is a well governed corporate with an excellent execution track record. This foray definitely makes me excited about the sustained long term strength in ALL’s business.