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 […]
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 […]
FDA grants emergency nod to ventilators from Medtronic, other companies
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 […]
Trump orders GM to make ventilators
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 […]
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 […]
How are U.S.-based ventilator companies doing?
The U.S. is one of many countries facing new restrictions, quarantines and, due to high demand, shortages of important medical equipment to help combat the coronavirus pandemic. As hospitals and healthcare facilities report the need for more equipment, and with the government potentially invoking a statute that could ramp up protective equipment manufacturing even more, […]
Ventec Life Systems raises $7m
Ventec Life Systems raised $7 million in a new round of equity financing, according to an SEC filing posted this week. Ventec produces the VOCSN portable life support system. The system provides 5 different respiratory therapies, including ventilation, oxygen, cough, suction and nebulization. Money in the round came from 56 unnamed sources, according to the […]
Ventec Life Systems wins FDA nod for VOCSN portable life support device
Respiratory care device developer Ventec Life Systems said today it won FDA 510(k) clearance for its VOCSN portable life support device. The VOCSN device provides 5 different respiratory therapies, including ventilation, oxygen, cough, suction and nebulization. The Bothell, Wash.-based company claims it is the only device cleared by the FDA which provides all 5 respiratory […]
