Lancer Medtech- Manifesting Safety and Efficacy of Cardiology Products
The experimental obstacles that the pioneers of medical device encounter today are the lack of infrastructure to outreach the therapy to the patients, also the cost of the therapy and the size of the market. It is estimated that approximately 10% of the population are suffering from coronary artery disease in India and the procedures performed on it annually are mere four lakhs. As the disease progresses the patient becomes non-responsive to medical management, hence the CABG or Angioplasty is the solution. Considering the Indian population, more number of Catheterization Laboratory are required with an increment in the number of doctors to perform angioplasty.Headquartered in Ahmadabad, Lancer Medical Technology Ltd is turning tables in the Indian medical devices market , which is extensively dominated by foreign companies, it’s a wholly subsidized company of Sahajanand Laser Technology Ltd. (SLTL). Lancer’s impression furthermore clenched with its efficient and talented team with deep knowledge of technology enables it to anticipate, innovate and deliver improved quality of life at an affordable cost.
“We want to prove that ‘Make in India’ high-tech medical device products is of international standard quality. Manufacturing of coronary stent requires multidisciplinary expertise like, mechanical engineering, design engineering, laser cutting technology, electropolishing technology, annealation, electronics, drug and polymer coating process, etc.
One of the critical aspects of stent manufacturing is developing an optimum design which should have all the ideal characteristics of a stent without much trade off. We are the only Indian company which has US Patented stent design which we have licensed from Dr. Malte Neuss from Germany who is a mechanical engineer and a cardiologist. We have developed an in-house R&D facility and have state of the art manufacturing facility at Gandhinagar, Gujarat,” says Mr J.P Dutta, CEO at Lancer Medical Technology Ltd.
Lancer’s founder Dr. Arvind Patel, a scientist, emphasizes that company is focusing its channels in developing evidence based product with the systemic approach like, mechanical tests for product performance, pre-clinical (animal) study and prospective, multicenter clinical study with independent accredited core lab from Europe for establishing safety and efficacy of their cardiology products.
Future Ahead:
Amazing transition in technology is paving way for the Medical device sector to grow manifold. With Govt. of India allowing 100% FDI in medical device business and also willing to support the industry, Lancer Medical technology aims to make this industry as robust as pharmaceutical industry in India today. Serious consideration is given to buying and development of new technology and collaborating with some global company and universities. The company is planning to invest more in medical device business and R&D alluding to the fact that the best is yet to come.
Lancer’s founder Dr. Arvind Patel, a scientist, emphasizes that company is focusing its channels in developing evidence based product with the systemic approach like, mechanical tests for product performance, pre-clinical (animal) study and prospective, multicenter clinical study with independent accredited core lab from Europe for establishing safety and efficacy of their cardiology products.
Lancer Medical technology aims to make this industry as robust as pharmaceutical industry in India today.
Future Ahead:
Amazing transition in technology is paving way for the Medical device sector to grow manifold. With Govt. of India allowing 100% FDI in medical device business and also willing to support the industry, Lancer Medical technology aims to make this industry as robust as pharmaceutical industry in India today. Serious consideration is given to buying and development of new technology and collaborating with some global company and universities. The company is planning to invest more in medical device business and R&D alluding to the fact that the best is yet to come.
