Ventilator demand breathes life into Medtronic’s quarterly profit
World's largest medical device maker teamed up Tesla and has increased production of ventilators from 200 units a week to more than 1,000
24 November 2020 - 20:42
Bengaluru — Medtronic beat quarterly profit estimates on Tuesday, as coronavirus driven demand for ventilators helped offset the impact of lower medical device sales.
Several medical device makers have benefited in the latest reported quarter from strong demand for Covid-19 related products such diagnostic tests, respirators and ventilators, which helped soften the blow from delayed non-emergency procedures that affected device sales...
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