Moneycontrol
Sep 11, 2012 08:20 AM IST | Source: PTI

Opto Circuits gets DCGI nod for heart device

Medical equipment maker Opto Circuits today said it has received approval from India's health regulator for a medical device for heart patients, following which it has launched the product in the market.

 
 
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Medical equipment maker Opto Circuits today said it has received approval from India's health regulator for a medical device for heart patients, following which it has launched the product in the market.


Opto Eurocor Healthcare, a subsidiary of Opto Circuits (India), launched Sirolimus Drug Eluting Stent (DES), E-Magic Plus on receipt of Drug Controller General of India (DCGI) licence to sell and market the product in India, Opto Circuits said in a statement.


A stent is a wire metal mesh tube that is used to open a blocked artery during an angioplasty.


"E-Magic Plus has been developed indigenously in India and with the DCGI mark we can market and sell in India. The DCGI approval will also enable E-Magic Plus to be marketed in parts of Far East and parts of Middle East," Opto Circuits (India) Ltd Chairman & Managing Director Vinod Ramnani said.


Sirolimus DES market is estimated to be worth Rs 800 crore in India, he added.


The DES market has two major drug categories: Sirolimus and Paclitaxel. In India, Sirolimus-based angioplasty devices have a more than 90% market share, the company said. "Opto Eurocor Healthcare Ltd will launch E-Magic Plus in the European and Latin-American market after receiving the
necessary approvals," it added.

Shares of Opto Circuits today closed at Rs 129.60 on the BSE, down 0.96% from previous closing.

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