Getinge to again ramp up ICU ventilator production [MarketWatch]
GETINGE AB UNSP/ADR (GNGBY)
NASDAQ:AMEX Investor Relations:
getinge.com/int/about-us/investors
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Source: MarketWatch
Getinge said it will ramp up production of ventilators for intensive care units, with plans to make 26,000 ventilators this year, due to soaring demand as a result of the COVID-19 pandemic. The medical supplies company produced 10,000 ventilators in 2019. In March, Getinge had said it would increase production to 16,000. The company previously told investors it has the most ventilator installations in ICUs worldwide. Getinge's stock is down 0.35% year-to-date. The S&P 500 has dropped 17%.
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