The U.S. Departement of Justice and Department of Health and Human Services are taking 192,000 N95 respirator masks confiscated from price gougers and distributing them in New York and New Jersey — which are especially hard-hit by the coronavirus pandemic. HHS used ts its authority under the Defense Production Act to distributing the confiscated supplies, […]
U.S. ventilator manufacturing is rapidly expanding: Here’s how
Amid a shortage of life-saving ventilators due to the coronavirus pandemic, medical device companies are rapidly expanding production, trade group AdvaMed reported today. Respiratory device companies that belong to AdvaMed have boosted ventilators production to 2,000–3,000 per week — and expect to soon reach 5,000–7,000 ventilators per week. Last year, the same companies were making […]
BREAKING: Second Sight Medical laying off most of its workers, winding down
Second Sight Medical (NSDQ:EYES) announced today that it will wind down its operations amid the financial shock of the coronavirus pandemic. The Los Angeles–based company will lay off 84 of its 108 employees and will retain an adviser experienced in winding down operations to guide the board on the next steps. Company officials expect additional layoffs. […]
BREAKING: Medtronic shares ventilator IP to combat shortages amid coronavirus
Medtronic (NYSE:MDT) is publicly sharing the design specifications of its Puritan Bennett 560 (PB 560) ventilator amid a global shortage of the devices amid the coronavirus pandemic. The shortage is dire enough that doctors are having to make life-or-death decisions about which people with severe cases of COVID-19 get a ventilator. Fridley, Minn.–based Medtronic is running […]
Software is enabling medical 3D printing innovation: Here’s how
The 3D printers themselves get a lot of attention, but for 3D-printing to become ubiquitous in the medtech space, software will have to play a key role. A 3D printer without software to tell it where to place the material is a really nice, expensive coffee table, according to Scott Rader, a former Stratasys GM […]
Former GE medtech chief and imaging pioneer Walter Robb dies of coronavirus
Walter Robb — who led the medical business at General Electric (NYSE:GE) through much of the 1970s and ’80s as it became a profitable maker of CT scanners and MRI systems — is dead from coronavirus at age 92, according to media reports. Robb died early on the morning of March 23 at a hospital […]
Trump administration to use Defense Production Act for first time
The Trump administration will use the Defense Production Act to secure about 60,000 coronavirus test kits — and will insert DPA language into a contract for 500 million protective masks, according to media reports. FEMA chief Peter Gaynor broke the news on CNN today. He stressed that the administration still wants to be careful not […]
Medline to retool Wisconsin plant to produce hand sanitizer
Medline Industries said today that it will start making hand sanitizer at its Hartland, Wis. plant — with a goal of producing 150,000 bottles a week by mid-April to help Americans protect against coronavirus. The Northfield, Ill.–based medical supplies company is modifying equipment and ventilation systems for the new line. Hand sanitizer is one of the […]
Honeywell, 3M to ramp up N95 face masks production
Both Honeywell (NYSE:HON) and 3M (NYSE:MMM) will produce millions of additional N95 respirators to protect U.S. health care workers fighting the coronavirus pandemic. Honeywell (Charlotte, N.C.) said yesterday that it will expand operations at its Smithfield, R.I. eye protection products plant so that the plant can also manufacture millions of N95 masks. Honeywell said it will immediately […]
Trump says mere threat of using Defense Production Act is enough to fight coronavirus
President Donald Trump may have signed an executive order last week that invoked the decades-old Defense Production Act, but so far he isn’t using it to boost needed medical supplies to combat the coronavirus pandemic. Trump argued during a press briefing yesterday that the mere threat of using the Korean-War-era law was enough to get […]
7 ways the coronavirus is affecting medtech
Medtech companies face some tough times as the deadly coronavirus pandemic gains steam. But could this be the medical device industry’s Dunkirk, too? Just days ago, MassMEDIC president Brian Johnson made a call-out on LinkedIn for people to send ideas about how Massachusetts medical device companies could help fight COVID-19. He drew an analogy to […]
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