TTK Healthcare to grow medical devices biz, enters orthopaedic implants market ... Economic Times
CHENNAI: TTK Healthcare, a part of Rs 1500 crore TTK group and producing heart valves, has forayed into the orthopaedic implants segment dominated by players like Johnson & Johnson, Zimmer, Stryker and Indus.As part of the plans to grow the medical devices business, it has forged a technical tie-up with B P Trust, US, to manufacture and market various orthopaedic implants under the brand "Altius".
B P Trust is controlled by Dr Frederick F Buechel, a renowned ortho surgeon, and Dr Michael J Pappas, an international expert in advanced design. The ortho division of TTK Healthcare will initially focus on the knee replacement system.
As part of the plan to consolidate the medical devices business, it will take up the development of hip, ankle and shoulder replacements in a phased manner. Like heart valves, TTK Altius hi-flex knee is competitively priced at Rs 35,000. It is the only knee surgical implant manufactured in India with a US FDA cleared design.