Medtronic, Inc. Enters Dialysis Biz With Apollo Venture in India
Published: Oct 09, 2013
Medtronic Inc. (MDT), the world’s largest maker of heart rhythm devices, will enter the kidney dialysis business in collaboration with India’s Apollo Hospitals Enterprise Ltd. Medtronic is developing a new approach to hemodialysis, which filters toxins from the blood of people with kidneys too damaged to do the job. The companies will work to craft a system by 2016 that functions well in the developing world, with a low-cost, portable approach that doesn’t rely heavily on infrastructure, said Ven Manda, vice present of science, technology and new therapies at Minneapolis-based Medtronic.
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