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.
Spinal Tech
Medicrea is taking steps to weather the COVID-19 pandemic, the spinal surgery technology provider informed shareholders March 20.
Medicrea, a spinal device company with offices in Lyon, France, and New York City, is significantly decreasing overheads to push through this challenging financial period due to the spread of the novel coronavirus.
NanoFUSE Biologics on March 16 appointed Jake Lubinski as CEO.
The medical technology giants are feeling the impact of the coronavirus pandemic including giants in the orthopedic space such as Johnson & Johnson, Stryker, Medtronic and Zimmer Biomet.
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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, according to Benzinga.
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 and subsidiary of private investment holding company KICVentures.
NuVasive issued an urgent field safety notice Feb. 13 recalling its Magec System Model X rods for patients with early onset scoliosis.
Medtronic will double its global ventilator production to support the needs of patients and health systems amid the COVID-19 pandemic.