Inspire Medical Systems (NYSE:INSP) shares shot up more than 8% today on a first-quarter revenue projection of approximately $21.3 million, up 31% from the $16.3 million it pulled in during the first quarter of 2019. Shares of INSP were up 8.2% at $68.61 per share in mid-afternoon trading today. Inspire also withdrew its full-year guidance today […]
coronavirus
Here at MassDevice — medtech's online business journal — we're covering news about the coronavirus (COVID-19) pandemic daily. Here is the latest about coronavirus and the medical device industry, regulatory changes related to the pandemic, new tests for the virus, vaccine development, and much more.
B. Braun lands FDA EUA for use of infusion pumps with nebulizers to treat COVID-19
B. Braun Medical announced that it received FDA emergency use authorization to use its infusion pumps with nebulizers to treat patients with COVID-19. The Bethlehem, Pa.-based company’s authorization win includes its Perfusor space syringe infusion pump, Infusomat space volumetric infusion pump and Outlook ES pump systems. Health providers can use the pumps for tracheal delivery […]
3M, Cummins partner on respirator filters
3M (NYSE:MMM) announced today it is working with diesel engine manufacturer Cummins to more than double production of high-efficiency particulate filters for use in 3M’s powered air purifying respirators, or PAPRs. 3M said it needs the filters for the additional PAPRs it is manufacturing to meet a surge in demand for personal protective equipment due to […]
Philips ups plans for ventilator production, debuts new ventilator
Royal Philips (NYSE:PHG) announced today that it plans to double production of its hospital ventilators by next month with an eye on a four-fold increase by the third quarter of 2020. The Amsterdam-based company is building on its initial doubling of production amid a shortage of equipment for the COVID-19 pandemic. On top of that, the […]
BD wins EUA, CE Mark for COVID-19 test that can return results in hours
Becton Dickinson (NYSE:BDX) announced today that it received FDA emergency use authorization (EUA) and CE Mark approval for a new COVID-19 molecular diagnostic test. The test, based on the U.S. Centers for Disease Control assay design and run on the BD Max system, may return results in 2-3 hours, according to the Franklin Lakes, N.J.-based company. […]
J&J beats The Street but lowers outlook for 2020
Johnson & Johnson (NYSE:JNJ) beat analysts’ expectations for sales and earnings in the first quarter of 2020, but lowered its financial outlook for the year due to the coronavirus pandemic. The New Brunswick, N.J.-based company reported profits of $6.154 billion, or $2.30 per share, on sales of $20.69 billion for the three months ended March 29, 2020, […]
FDA approves first saliva-based coronavirus test
The FDA granted emergency use authorization (EUA) to Rutgers University’s RUCDR Infinite Biologics and its collaborators for an approach using saliva as test biomaterial for COVID-19. In tandem with Spectrum Solutions and Accurate Diagnostics Labs, RUCDR developed the saliva collection methods as an alternative to nose and throat swabs when testing for SARS-CoV-2, the virus […]
Hamilton Medical, Vyaire lead the way among 7 new ventilator contracts from HHS
Hamilton Medical, Vyaire and Zoll Medical by far had the largest ventilator contracts among seven new deals that the U.S. Department of Health and Human Services has announced. The contracts, announced yesterday evening and worth a total of $1.44 billion, come on top of previously announced deals with Royal Philips (NYSE:PHG), which is receiving $646.7 million, […]
Hamilton Medical opening Nevada factory to produce ventilators under $551.6m deal
The Switzerland-based ventilator maker Hamilton Medical is opening a factory in Reno, Nev. so that it can meet a five-month, $551.6 million contract with the U.S. Department of Health and Human Services, according to Rep. Mark Amodei, R-NV. “Nobody should be saying mission accomplished while we’re still living in the midst of this challenge. However, […]
Ford to start production of new powered air-purifying respirator to fight coronavirus
Ford Motor Co. said production will start tomorrow on a new powered air-purifying respirator created with design and testing consultation from 3M (NYSE:MMM). Roughly 90 paid United Auto Workers volunteers will assemble respirators at Ford’s Vreeland facility near Flat Rock, Mich. The operation will have the ability to churn out more than 100,000 of the respirators, […]
Proper Group forms new unit to help GM, Ventec make ventilators
Proper Group recently announced that it is forming its PGM medical business unit to address medical supply challenges that have arisen from the COVID-19 pandemic. The Warren, Mich.-based company plans to develop and manufacture products and components for life-saving medical equipment. The company is currently a manufacturer of complex tooling and high-performance polymer products for […]