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Boston Scientific plans ventilator at about 5% of rivals’ price

Boston Scientific plans ventilator at about 5% of rivals’ price

BLOOMBERG – Boston Scientific Corp. will start manufacturing a low-cost ventilator after the U.S. Food and Drug Administration granted the technology an emergency use authorization amid the coronavirus outbreak.

The medical-device maker’s partner, the University of Minnesota, said in a release that the Coventor device, conceived by university researchers and an alumnus, is a low-cost backup alternative for doctors.

Ventilators are in short supply nationwide as hospitals react to the pandemic. The device has become critical to treat Covid-19 patients; historically they been used for people suffering from pneumonia and acute respiratory distress.

The initial Coventor prototype was adapted from an assortment of available parts, according to the university, lending to its desktop size and the ability to produce it inexpensively. A spokesperson for Boston Scientific said the devices would be sold at cost, for less than $1,000. Traditional ventilators can cost around $20,000 to $25,000.

Read the full article by Bailey Lipschultz here. 

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