The European Commission has decided to waive tariffs and value-added taxes (VAT) on certain medical devices and personal protective equipment (PPE) coming from outside the EU during the coronavirus pandemic. The measure includes testing kits, ventilators and other medical equipment and will remain in force for six months, the commission said today. Get the full […]
Smith+Nephew to build ventilators with UK government
Smith & Nephew (NYSE:SNN) announced today that it has landed a contract with the UK government to build OxVent ventilators amid the COVID-19 pandemic. The London-based company’s OxVent system is currently under review by the Medicines and Healthcare products Regulatory Authority (MHRA), making the contracted order subject to the device receiving authorization from the governing body. […]
Trump uses DPA to boost supplies to certain ventilator manufacturers
President Donald Trump yesterday invoked the Defense Production Act to reduce supply-chain problems for certain manufacturers to produce ventilators. In the executive order, the president gave the secretaries of the departments of Health & Human Services and Homeland Security the power to secure materials for General Electric (NYSE:GE), Hillrom (NYSE:HRC) , Medtronic (NYSE:MDT), ResMed (NYSE:RMD), Philips (NYSE:PHG) and Vyaire Medical. Ventilator […]
New BD, BioGX coronavirus test can be run on-site at hundreds of U.S. hospitals
Becton Dickinson (NYSE:BDX) and BioGX announced today that the FDA granted emergency use authorization (EUA) to their new diagnostic test for screening for COVID-19 on-site at hospitals. The new test is designed as an easy-to-use, rapid diagnostic test to screen for coronavirus and receive results in under three hours, according to a news release. The assay detects […]
FDA eases mask regulations, seeks to boost decontamination of used masks
The FDA yesterday further relaxed regulations on medical and surgical masks and face shields to ease shortages during the coronavirus pandemic, and invited companies that decontaminate masks to submit proposals for emergency authorizations. In a new guidance, the agency also gave its blessing to healthcare providers to use improvised masks during the public health emergency […]
U.S. government distributes 192,000 N95 respirator masks taken from price gougers
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, […]
Elon Musk criticized for donating sleep apnea ventilators
Tesla co-founder & CEO Elon Musk is receiving criticism after the more than 1,000 ventilators he donated for COVID-19 relief were reportedly not the specific kind for use in intensive care units. According to a report in the Financial Times, among the 1,255 donated FDA-approved ventilators from ResMed (NYSE:RMD), Philips (NYSE:PHG) and Medtronic (NYSE:MDT) that were part […]
Trump slams 3M over foreign respirator sales, invokes DPA
President Donald Trump last evening blasted 3M (NYSE:MMM) for selling some of its N95 masks to other countries, hours after invoking the Defense Production Act to prioritize orders from the Federal Emergency Management Agency. “We hit 3M hard today after we saw what they were doing with their masks,” Trump tweeted Thursday night. “‘P Act’ all […]
FDA clears Cellex antibody test for COVID-19, not Bodysphere’s
The FDA yesterday informed Cellex that it is issuing emergency use authorization (EUA) for the company’s SARS-CoV-2 antibody test for detecting coronavirus. Cellex (Research Triangle Park, N.C.) is touting its rapid test as the first of its kind to receive authorization amid the coronavirus crisis. It is a lateral flow immunoassay designed for the qualitative […]
Boston Scientific temporarily cutting hours for most of its U.S. workers
Boston Scientific (NYSE:BSX) announced today that it is taking actions in response to the COVID-19 pandemic, including pay cuts. In anticipation of an even larger impact from the coronavirus outbreak in the second quarter, the Marlborough, Mass.-based company said in a news release that it is taking proactive steps to reduce costs so it can […]
Nevro raising more than $300m through public offering, convertible senior notes
Nevro (NYSE:NVRO) announced today that it priced concurrent underwritten public offerings of more than 1.6 million common stock shares, as well as convertible senior notes, to raise more than $300 million. The offering of 1,625,000 total shares of common stock at a price of $84.00 per share is slated to bring gross proceeds of approximately $136.5 […]
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