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 […]
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 […]
Medtronic’s Pipeline Flex recall is Class I
The FDA has labeled a recall for the Medtronic (NYSE:MDT) Pipeline Flex embolization device and Pipeline Flex embolization device with Shield technology as Class I. Medtronic wrote to customers risk of device fracture in February and later issued an urgent field safety notice to warn on specific production lots. The affected Pipeline Flex devices are available […]
Tesla to reopen New York facility to manufacture Medtronic ventilators
Tesla announced that it would reopen its New York production facility to manufacture medical devices instead of solar panels to assist Medtronic (NYSE:MDT) in producing ventilators, according to the Minneapolis/St. Paul Business Journal. Medtronic CEO Omar Ishrak said in a CNBC interview that the Fridley, Minn.-based company would ramp up ventilator production and is currently making […]
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 […]
Medtronic responds to NY Times story about failed ventilator contract
Medtronic (NYSE:MDT) is providing additional facts in response to a New York Times report detailing an acquisition by Covidien that allegedly changed the course of a government contract designed to increase ventilator supply, now a major problem amid the coronavirus pandemic. Medtronic bought Covidien for $50 billion in 2015 — years after the events described in the […]
Medtronic launches COVID-19 monitoring system
Medtronic Care Management Services is launching two new software programs for assessing, monitoring and triaging people concerned about COVID-19 and potential symptoms. The MCMS COVID-19 virtual care evaluation and monitoring system — which Medtronic (NYSE:MDT) announced late last week — is now available to U.S. health systems, plans and employers. It follows the company’s launch of […]
AdvaMed: Invoking Defense Production Act could hinder U.S. medtech imports
Forcing manufacturers to repurpose their production lines to make equipment to fight the coronavirus epidemic might actually hurt the U.S. supply of those items, the head of medtech trade group AdvaMed said today. AdvaMed officials have talked with U.S. secretary of Health and Human Services Alex Azar and FDA commissioner Dr. Stephen Hahn about medtech […]
Medtronic Foundation pledges $10m to COVID-19 efforts
Medtronic (NYSE:MDT) announced that its Medtronic Foundation is making an additional $10 million in contributions to COVID-19 relief efforts around the world. The Fridley, Minn.-based company said in a news release that the funds will be put toward training and supervising frontline health workers, ensuring their safety (including the provision of personal protective equipment and other […]
Elon Musk says he delivered more than 1,000 ventilators to U.S.
Tesla co-founder & CEO Elon Musk confirmed on Twitter that he orchestrated the delivery of more than 1,000 ventilators to the U.S. California Governor Gavin Newsom initially announced last night that Musk delivered 1,000 ventilators to the state. After some back-and-forth discussion on the social media platform regarding where Musk got the devices, the entrepreneur […]
5 companies on the front lines of the coronavirus fight
Nancy Crotti, Managing Editor and Danielle Kirsh, Senior Editor Amid the stock market roller-coaster ride that began last month, medtech companies that make devices and diagnostic tests vital to fighting COVID-19 may ultimately fare better than others, but it’s hard to tell until the virus peaks and people get back to work. At midafternoon today, […]
- 1
- 2
- 3
- …
- 88
- Next Page »
