Medtech Perseveres During COVID-19

The COVID-19 pandemic is “an unprecedented crisis, and we’ve never seen anything like it,” Pat Shafer, managing director in Grant Thornton's healthcare and life sciences industry business, told MD+DI recently. Judging from the amount of stories MD+DI has published alone in the last several weeks on the rapid responses from many medical device and diagnostics companies as well as industry suppliers, manufacturers are working quickly toward several potential solutions. The medical device industry has been very agile in responding to the pandemic, Shafer said. “Most manufacturing has not had any production stoppages, and factories are still open, and many have sufficient supplies on hand.” Added Maria Shepherd, president and CEO of Medi-Vantage: “I am really proud of how medical device and diagnostics companies have responded.” She pointed to work by Thermofisher, J&J, Hologic, and Roche. “They’ve been able to come through very quickly.” She said there will be “lessons to be learned on how a big company can move quickly when necessary.” However, it is not business as usual, as virtually everyone who typically works in medical device company offices is working remotely and devising ways to continue critical processes, observed Shafer. Employees are practicing soci...
Source: MDDI - Category: Medical Devices Authors: Tags: Business Source Type: news