Apollo Hospitals, Medtronic Announce Collaboration in India

Apollo Hospitals Enterprise Ltd., one of the leading healthcare providers in Asia, and Medtronic, Inc. MDT, the global leader in medical technology, today announced a collaboration 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 150 crore rupees (US$25 million).  For the first time, Medtronic is establishing an India R&D team that will See full press release