New Delhi, March, 2017, – The leading manufacturer of SMART (auto disable) syringes, Hindustan Syringes and Medical Devices Ltd (HMD) has displayed Cathy Safety SIP Clip IV Cannula at Rashtrapati Bhawan to contribute in the Roundtable on innovations in Medical Science and Bio Technology on 9th March 2017 in the 3rdFestival Of Innovation (FOIN), 2017, a unique initiative of the office of the President of India.
The innovative Cathy safety IV cannula is designed to minimise risks associated with needle stick injuries and needs to be made obligatory in hospitals. Around 80% of all hospital staff can be saved from needle stick injuries with the use of Cathy Safety IV Cannula. The innovative invention has been sold in more than 10 countries and expects to achieve the target of exporting it in more than 20 countries by the end of 2017. Around 1.5 million safety cannulas have been shipped to Scandinavia alone and have received a positive feedback.
HMD’s manufacturing plant of Safety IV Cannula was set up in 2015 at Ballabhgarh and is spread on an area of 5.5 acres and has the capacity to produce 36 millionunits of ‘Safety IV Cannula’ to meet the rising export demand to Europe, which is expected to be around over 50%.
Speaking on the occasion, Mr. Rajiv Nath, Jt. Managing Director, Hindustan Syringes & Medical Devices Ltd. said, “We are delighted to be a part of 3rd Festival of Innovation, 2017. HMD has always come up with new innovative affordable inventions for ensuring accessible usage at basic healthcare level and has proved to be successful with optimistic outcome due to the reasonable and competitive pricing policy . We would like to congratulate Indian Council of Medical Research (ICMR) for this noble initiative to encourage new innovations in medical devices and bring about a revolution in the field of medical devices”.
“We are glad to display the Safety Cannula in the 3rd Festival of Innovation (FOIN) 2017 held at Rashtrapati Bhavan. It is a well researched creation to meet all the needs in regards to safety and will be effective in the War against Microbes (WaM) by helping to break cycle of infection as was the case with usage of Kojak AutoDisabling Smart Syringes. India is an important market for us and will play an integral role in the overall growth strategy of the company. We are targeting more safety medical device launches in India in the upcoming years and expecting revenue of 700 Crore in the next 2 years.” Mr Nath further added
“Cathy SiP CliP has an innovative plastic clip that automatically covers the blood contaminated needle tip as its removed from the IV Catheter to prevent any needle stick injury to the nurse or Doctor and any risk of infection of patient migrating to them ” – explained Mr Pardeep Sareen, Chief Marketing Head of HMD
The Festival of Innovation (FOIN) is a unique initiative of the office of the President of India to recognize, respect and reward grassroots innovations and foster a supportive ecosystem. Hosted in March at the President’s House, FOIN has become a national celebration of creativity and innovation at and for grassroots by way of conference and exhibition of select technologies. Dr Soumya Swaminathan Director General ICMR ( Indian Council of Medical Research) while addressing the Global Roundtable on Inclusive Innovation has stressed the need for learning and sharing the global experience in designing, developing and delivering empathetic and inclusive innovations for the common good.