COVID-19 Update: The Latest MedTech Developments
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Last updated on: 02/11/2020
Technology Update
- Philips announced the completion of a regional informatics project that consolidates radiology and nuclear medicine imaging data.The company now empowers medical image access for over 5,000 clinicians in the Region of Southern Denmark.
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Financial Update
- Philips returns to growth and improves profitability in the third quarter.
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Technology Update
- Tampa General Hospital, in partnership with GE Healthcare, reports a $40M reduction of system-wide inefficiencies since launching their CareComm command center with GE’s Command Center Software last August.
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Financial Update
- GE announced Q3 financial results.
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Technology Update
- Siemens Healthineers introduced Biograph Vision Quadra extended axial FoV PET/CT scanner.
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Financial Update
- Siemens Healthineers’ CEO on Q4 financial results: “Siemens Healthineers has proven to be very resilient and has performed excellently.”
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Technology Update
- Mindray Medical introduced its brand new A9 and A8 anesthesia systems, which is now available in Europe and other selected regions.
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Technology Update
- Canon Medical introduced the Aquilion Exceed LB CT system – AI-powered large bore CT scanner, offering industry’s largest bore and widest field-of-view.
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Financial Update
- Although sales of equipment related to the testing of pneumonia and other infections increased for Canon Medical Systems, overall sales and profit declined. Little progress was made in installing large systems due to the limited access to medical institutions as a result of the COVID-19 crisis.
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Technology Update
- Medtronic expands its ENT portfolio with FDA clearance of NIM Vital™ and acquisition of Ai Biomed Corp.
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Financial Update
- Medtronic announced a $337 million product investment from Blackstone Life Sciences to expand development of future diabetes technologies.
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Technology Update
- Boston Scientific has initiated a clinical trial to evaluate the safety and efficacy of its WATCHMAN FLX™ Left Atrial Appendage Closure (LAAC) Device.
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Financial Update
- Boston Scientific announced results for Q3 of 2020.
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Technology Update
- Zimmer Biomet announced new features of mymobility® with Apple Watch, creating a first-of-its-kind remote care management system.
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Financial Update
- Zimmer Biomet reported net sales for the second quarter of $1.226 billion, a decrease of 38.3% from the prior year period. However, according to Bryan Hanson, President and CEO of Zimmer Biomet the company is encouraged by its “operational performance and the stronger than expected recovery of elective procedures.”
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Technology Update
- Thermo Fisher Scientific increases availability of COVID-19 testing with sample collection kit from Everlywell.
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Financial Update
- “Exceptional growth momentum in the third quarter” for Thermo Fisher Scientific.
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