Dräger announced today that it is opening a new production facility in Pennsylvania to manufacture N95 respirator masks. Telford, Pa.-based Dräger’s new production facility is located in Montgomeryville, Pa., and is set to begin production in September 2020 with 50 highly skilled jobs slated to be added to the local community. Get the full story […]
Respiratory
Report: Ventilators are piling up in government stockpiles
As the COVID-19 pandemic roars on, the government stockpile of once-in-demand ventilators has reportedly turned into a collection of unused devices. The Washington Post reports that, following the panic caused by an anticipated ventilator shortage and subsequent rush to add to the stockpile after President Trump invoked the Defense Production Act, the approach to treating COVID-19 […]
FDA clears ClearMask transparent surgical mask
ClearMask announced today that it received FDA 510(k) clearance for its ClearMask fully transparent surgical mask for use in a number of settings. Baltimore-based ClearMask touts its surgical mask as the first FDA-cleared fully transparent surgical mask for use in hospitals, clinics, schools, retail, hospitality and other settings. The company said in a news release […]
FDA releases first pandemic supply shortage list
Months into the coronavirus pandemic, the FDA has released its first official list of shortages of items needed by healthcare workers. The list ranges from personal protective equipment (PPE) such as gowns and gloves to testing supplies and ventilation-related products for the sickest patients. The list also includes Becton Dickinson (NYSE:BDX) BodyGuard infusion pump and syringe […]
Vietnam’s Vingroup to supply ventilator parts to Medtronic
When Medtronic (NYSE:MDT) announced in April that it had tapped Foxconn to manufacture ventilators at the Chinese company’s Wisconsin plant, then-Medtronic CEO Omar Ishrak said that Medtronic is also working with “major players” in Asia to expedite ventilator production. This week, Vietnam’s largest conglomerate, Vingroup, announced that it had inked a deal for two of its companies — […]
Ventec to take over ventilator production at GM plant
Ventec Life Systems and General Motors have delivered more than 20,000 ventilators they built together at a GM plant, and GM plans to turn over production to the medtech company once their federal contract is completed, Ventec announced this week. Production of Ventec’s V+Pro critical care ventilators at the Kokomo, Ind., GM plant began in […]
ResMed beats Street with boost in ventilator sales
ResMed (NYSE:RMD) shares took a slight hit after hours despite on fourth-quarter results that beat the consensus forecast. The San Diego-based respiratory support device maker posted profits of $177.8 million, or $1.22 per share, on sales of $770.3 million for the three months ended June 30, 2020, for a more than 158% bottom-line gain on sales […]
DarioHealth raises $28.6M
DarioHealth (NSDQ:DRIO), a developer of digital therapeutics for chronic conditions, filed an SEC Form D to confirm the sale of more than $28 million. The Israel-based company made its first sale in the new notice offering of equity and options, warrants and other rights to purchase securities on July 31. The offering is not being made […]
More than $500m wasted on Philips ventilator contract, House report says
A Congressional report today accused the Trump administration of bungling plans to obtain ventilators early in the coronavirus pandemic and claimed that federal officials squandered more than $500 million in a contract with Philips (NYSE:PHG). The House Subcommittee on Economic and Consumer Policy began an investigation in April into a federal contract with Philips to […]
Hillrom sinks despite Street-beating Q3 results
Hillrom (NYSE:HRC) shares took a hard hit today despite third-quarter results that came in ahead of the consensus forecast. Shares of HRC were down -14.4% at $99.06 per share in mid-morning trading today. The Chicago-based company posted profits of $93.9 million, or $1.40 per share, on sales of $767.5 million for the three months ended June […]
Goggles could provide extra protection against coronavirus, Fauci says
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci reportedly says goggles could further prevent the spread of COVID-19. Reports from ABC News say that Fauci told the outlet’s chief medical correspondent, Dr. Jennifer Ashton, on an Instagram Live conversation that Americans should consider wearing goggles or a face shield to protect […]