Today's Topline - 3/31/20

Tuesday, March 31, 2020

Source: MedTech Association

Tuesday morning brings with it news that Coronavirus deaths continue to grow at an unprecedented rate.  US deaths have reached 3,000 and are poised to exceed China’s toll by the end of the day.  The White House has predicted that even if all social distancing guidelines are followed, the nation will likely see total deaths between 100,000 and 200,000.  In New York, more than 250 patients died between Sunday and Monday, and Governor Cuomo said that the number could soon reach 800 a day.

And, so, the fight continues…

Over the weekend, MedTech joined organizations representing America’s startup community and called on the Trump Administration to clarify as quickly as possible that small businesses with equity investors will not be excluded from the 7(a) loan program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In 2019 alone, 2.27 million jobs were created in the U.S. by startups.  98 percent of firms have fewer than 100 employees and between small and medium sized companies, they jointly employ 55 percent of employees. It is imperative that when implementing the CARES Act, we do not arbitrarily exclude our most innovative startups.

In exciting news, MedTech member, Medtronic, a global leader in medical technology, announced that it is publicly sharing its ventilation design specifications to accelerate efforts to increase global ventilator production. Medtronic’s ventilator, the PB 560, is sold in 35 countries around the world and has the ability to be used in a range of care settings, making it a ventilation solution for manufacturers, inventors, startups, and academic institutions seeking to quickly ramp up ventilator design and production. PB 560 product and service manuals, design requirement documents, manufacturing documents, and schematics are now available at The PB 560 design specifications are available today, software code and other information will follow shortly.

MedTech exists to deliver value to the bio/med industry and serve those on the front lines of healthcare advances.  We rely on our members to make that possible.  Please take a moment to join or renew your membership today.  Renewing members can lock in last year’s rate through 2021.  New members who join today will receive 3 free months on their membership year.  Don’t wait.  We need your support to continue the work we do.

As always, don’t hesitate to contact us with your specific questions and concerns. Regular updates can be found at our website, which is refreshed daily.

View All News »