Medtronic's COVID-19 relief efforts — A timeline of key updates

Written by Angie Stewart | March 26, 2020 | Print  |

While weathering a 34.5 percent drop in shares since its last earnings report, Medtronic has taken steps to aid COVID-19 relief efforts.

A timeline of key updates:

March 18: Medtronic commits to doubling its global ventilator production to support the needs of patients and health systems amid the COVID-19 pandemic. The company's production has already increased by more than 40 percent.

March 20: Medtronic CEO Omar Ishrak says the company is on track to meet its weekly ventilator production goal.

March 21: Medtronic connects with Tesla CEO Elon Musk about ramping up ventilator production, and they agree to work together.

March 25: Medtronic's charitable arm pledges an additional $10 million to COVID-19 relief efforts. Total contributions by Medtronic and the Medtronic Foundation now amount to $11.2 million, which includes cash contributions to over a dozen health and community nonprofits.

March 27: Medtronic launches two platforms for at-home COVID-19 symptom monitoring and support.

More articles on devices:
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