The US Food and Drug Administration revealed that it has approved Chennai based medical equipment manufacturer, Perfint Healthcare's cancer surgery device to be sold in the US market.
MAXIO is Perfint's flagship product that acts as an assistive device in minimally invasive cancer surgeries. The robotic device helps doctors to insert a needle in the cancer tumor to either burn or freeze the cancerous growth.
Perfint has already started to sell the product in India, China and eastern Europe and the company now expects its revenues to double to Rs 100 crore after receiving approval from the FDA to expand its reach in the US market as well.
"This is a Holy Grail from regulatory perspective. This gives us a leverage not only to access the US market, but other global markets as well. The American market is tightly contested, but our product is among a few devices that offer integrated assistance, from spotting the cancer to planning the placement of needles to removing it", Perfint co-founder and CEO, S Nandakumar said.