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Ventec Life Systems

Ventec Life Systems taps Philips exec as new CEO

March 9, 2021 By Sean Whooley

Ventec Life Systems announced that its board of directors appointed Jim Alwan as its president & CEO. Bothell, Wash.-based Ventec said in a news release that Alwan will assume the role effective March 15, 2021, while also joining as a member of Ventec’s board of directors. A veteran of more than 25 years in the […]

Filed Under: Business/Financial News, Featured, Respiratory Tagged With: Personnel Moves, Ventec Life Systems

MedTech 100 roundup: Stocks top pre-pandemic high

September 8, 2020 By Sean Whooley

After weeks of flirting with the heights hit before COVID-19 ravaged the markets, medtech stocks finally topped the pre-pandemic high last week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — spiked up to 93.11 points on Sep. 2, nearly a full point ahead of the pre-pandemic high of […]

Filed Under: Business/Financial News, Diagnostics, Featured, Funding Roundup, Genomics/Molecular Diagnostics, Mergers & Acquisitions, Research & Development, Respiratory, Wall Street Beat Tagged With: Abbott, Brexit, coronavirus, COVID-19, Dept. of Health & Human Services (HHS), General Motors, Joe Biden, MedTech 100 Index, Medtronic, Stryker, Ventec Life Systems, Wright Medical

HHS ends more ventilator contracts as national stockpile fills up

September 2, 2020 By Sean Whooley

The U.S. Dept. of Health and Human Services (HHS) is reportedly terminating more ventilator contracts as the national stockpile is full. The Hill reported today that HHS is throwing out some of the contracts that totaled $3 billion as the U.S. government sought to supply as many ventilators as possible during the first surge of […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Respiratory Tagged With: coronavirus, COVID-19, Dept. of Health & Human Services (HHS), Hamilton Medical, HHS, Philips, Ventec Life Systems, Vyaire Medical

Ventec, GM complete HHS ventilator contract

September 1, 2020 By Sean Whooley

Ventec Life Systems and General Motors announced today that they completed their government contract to produce 30,000 ventilators. The two companies kicked off mass production of Ventec’s V+Pro critical care ventilator at GM’s Kokomo, Ind., plant in April, having received a $489.4 million contract from the U.S. Dept. of Health and Human Services to deliver […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Respiratory Tagged With: coronavirus, COVID-19, Dept. of Health & Human Services (HHS), General Motors, GM, HHS, Ventec Life Systems

Report: Ventilators are piling up in government stockpiles

August 18, 2020 By Sean Whooley

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 […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Respiratory Tagged With: coronavirus, COVID-19, Defense Production Act, Dept. of Health & Human Services (HHS), Ford, GE Healthcare, General Motors, Philips, Ventec Life Systems

MedTech 100 roundup: Up-and-down week for industry

August 17, 2020 By Sean Whooley

Medtech stocks highlighted the topsy-turvy nature of the market last week, but ultimately finished the seven days nearly unchanged. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.77 points at the end of last week (Aug. 14). Overall, medtech stocks saw a 0.13% increase from the […]

Filed Under: Business/Financial News, Diagnostics, Featured, Genomics/Molecular Diagnostics, MassDevice Earnings Roundup, Mergers & Acquisitions, Research & Development, Wall Street Beat Tagged With: becton dickinson, Celularity, coronavirus, COVID-19, Dept. of Health & Human Services (HHS), Hologic, Livongo, MedTech 100 Index, Medtronic, Qiagen N.V., Quidel Corp., Sanuwave, Senseonics, Thermo Fisher Scientific, Ventec Life Systems, Vingroup

Ventec to take over ventilator production at GM plant

August 13, 2020 By Nancy Crotti

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 […]

Filed Under: Business/Financial News, Distribution, Featured, Respiratory Tagged With: coronavirus, COVID-19, General Motors, U.S. Department of Health and Human Services, Ventec Life Systems

General Motors kicks off mass production of ventilators

April 14, 2020 By Chris Newmarker

General Motors today began mass production of the Ventec Life Systems V+Pro critical care ventilator at the automaker’s Kokomo, Ind. plant. GM and Ventec have a $489.4 million contract from the U.S. Department of Health and Human Services to deliver 6,132 ventilators to the Strategic National Stockpile by the end of June, with 30,000 shipped […]

Filed Under: Business/Financial News, Featured, News Well, Respiratory Tagged With: coronavirus, General Motors, Ventec Life Systems

Proper Group forms new unit to help GM, Ventec make ventilators

April 13, 2020 By Danielle Kirsh

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 […]

Filed Under: Business/Financial News, Contract Manufacturing Tagged With: coronavirus, COVID-19, GM, Proper Group, Ventec Life Systems

FDA grants emergency nod to ventilators from Medtronic, other companies

April 9, 2020 By Nancy Crotti

The FDA has granted four companies’ ventilators emergency use authorization this week to treat COVID-19 patients, as well as a fifth company’s anesthesia gas machine for use as a ventilator. Gaining the latest EUAs were machines by Medtronic (NYSE:MDT), Draeger, MEK-ICS, Ventec Life Systems, and startup CoLabs. One of those EUAs went to Medtronic’s Puritan Bennett […]

Filed Under: Business/Financial News, Featured, Food & Drug Administration (FDA), Hospital Care, Regulatory/Compliance, Respiratory Tagged With: Baylis Medical, CoLabs, coronavirus, COVID-19, Draeger Medical, FDA, foxconn, Medtronic, MEK-ICS, Ventec Life Systems

Trump orders GM to make ventilators

March 27, 2020 By Danielle Kirsh

After a deal between General Motors and Ventec Life Systems to produce 80,000 ventilators briefly appeared halted, President Trump yesterday ordered GM to proceed under the Defense Production Act. A New York Times report earlier on Friday said the Federal Emergency Management Agency had paused the $1 billion plan, saying it needed time to determine […]

Filed Under: Business/Financial News, Featured, Hospital Care, Respiratory Tagged With: coronavirus, COVID-19, Donald Trump, General Motors, Ventec Life Systems

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