Updated on 11 October 2013
Good news for End Stage Renal Disease (ESRD) patients - Apollo Hospitals and Medtronic will launch portable hemodialysis system in India during 2016
Singapore: Apollo Hospitals Enterprise, one of the leading healthcare providers in Asia, and Medtronic, global leader in medical technology, have partnered to bring to market an innovative, affordable and portable hemodialysis system in India to help improve access to care for End Stage Renal Disease (ESRD) patients who need Renal Replacement Therapy (RRT).
This collaboration will leverage a Medtronic-developed technology platform, supported by clinical insight from Apollo. Both organizations envision an affordable and accessible health care delivery system that addresses the critical need for dialysis solutions in India. Both companies do not expect the collaboration to materially impact their earnings in the respective company's fiscal year.
Specifically, the collaboration seeks improved accessibility, outcomes, affordability, operational ease, and environmental protection while providing hemodialysis services to ESRD patients requiring RRT.
Medtronic intends to develop and manufacture key components of this system in India, with an investment of more than $25 million. For the first time, Medtronic is establishing an India R&D team that will focus on design, development and manufacturing of key components of the system in India. The commercial launch of the product is slated for 2016.
Dr Prathap C Reddy, chairman, Apollo Hospitals said, "Our partnership with Medtronic will help in fulfilling our vision of delivering better clinical outcomes through bench-to-bedside innovation. This alliance reinforces Apollo's commitment to research-driven healthcare. We are undertaking this landmark initiative to explore opportunities in dialysis solutions to address a critical need with the right, yet affordable treatment as part of our legacy of providing clinical excellence. This collaboration is a further symbol of Apollo's commitment to having a share in everyone's good health by touching lives."