How COVID-19 has hit devicemakers & more: 7 device company notes

Written by Eric Oliver | March 25, 2020 | Print  |

Here are seven key notes on spine and orthopedic device companies:

Orthopedic implant maker Exactech laid off 63 employees because of a rash of surgery cancellations due to COVID-19.

Life Spine partnered with Gizmo Medical March 23 to produce surgical masks and gowns to meet the growing demand in the U.S.

On March 18, Medtronic pledged to increase production of ventilators that are in short supply for treating COVID-19 patients. The company has connected with Tesla CEO Elon Musk about the ramp up.

Medicrea is taking steps to weather the COVID-19 pandemic, the spinal surgery technology provider informed shareholders March 20.

Despite a 33 percent drop in value since the end of 2019, Globus Medical is in a position to leverage its assets and acquire companies in this depressed market.

Valence, France-based orthopedic implant developer Amplitude Surgical is reducing production due to the outbreak of the novel coronavirus.

Ken Yamada on March 19 was appointed president and CEO of AxioMed, a spine device company and subsidiary of private investment holding company KICVentures.

More articles on healthcare:
Regent Surgical Health responds to COVID-19: 3 things to know
When will the coronavirus peak? It's complicated
Hospitals looking into using ASCs for COVID-19 patients: 4 things to know

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