Last week provided a glimmer of light for medtech after a rough few weeks as the industry continues to push in the right direction. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (May 28) at 108.5 points, producing a 0.7% rise from the 107.74-point mark […]
Honeywell
Honeywell lays off nearly 500 on Rhode Island N95 production line
Honeywell is laying off approximately 470 employees on its Smithfield, R.I.-based N95 respirator mask production line. Charlotte, N.C.-based Honeywell expanded operations at the Smithfield eye protection products plant so that the facility could also manufacture millions of N95 masks at the beginning of the pandemic in March 2020. Get the full story at our sister site, […]
3M, Honeywell gain antitrust protection to boost N95 mask supply
3M (NYSE:MMM) and Honeywell (NYSE:HON) are among 60 companies and trade groups sharing production, distribution and pricing information under FEMA-led efforts to secure supplies of products needed to combat COVID-19, according to a Wall Street Journal report. The information-trading project, taking place under the Defense Production Act, is protected from antitrust scrutiny. 3M and Honeywell are major […]
Report: Why is there still an N95 shortage?
The nationwide shortage of N95 respirators needed by healthcare workers and others during the coronavirus pandemic shows no indications of letting up, according to an article in today’s Washington Post. The newspaper cites a lack of inter-industry cooperation on N95 production, the Trump administration’s use of the Defense Production Act to force companies to make […]
DoD’s $133m N95 mask contracts going to 3M, Honeywell, Owens & Minor
The U.S. Defense Department’s $133 million in N95 respirator contracts are going to 3M (NYSE:MMM), Owens & Minor (NYSE:OMI) and Honeywell (NYSE:HON), a top DoD official said today. Ellen Lord, Undersecretary of Defense for Acquisition, said the military finalized the contracts this week — enabling the delivery of 39 million N95 masks over the next 90 days. The contracts […]
Honeywell expanding Phoenix operations, adding 500 jobs to make N95 masks
Honeywell (NYSE:HON) is adding an N95 respirator mask production line at its Phoenix aerospace plant to further boost its production of the masks — needed in the war against COVID-19. Arizona will get 500 new jobs from the manufacturing expansion. The news comes on top of Honeywell’s recent announcement that it is expanding operations at its […]
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 […]
7 medtech stories we missed this week: Oct. 20, 2017
From InspireMD’s distribution deal to RenalGuard touting a new study, here are seven medtech stories we missed this week but thought were still worth a mention. 1. InspireMD inks Chile distribution deal InspireMD announced in an Oct. 12 press release that it has signed a distribution deal with CorpMedical Chile to distribute the MGuard Prime […]
