Wednesday, August 12, 2020
Home Health News Fitbit eyes ventilator space as the coronavirus crisis rages on

Fitbit eyes ventilator space as the coronavirus crisis rages on

About a week after Fitbit released its disappointing Q1 financials, its CEO James Park announced to CNBC that the company is looking to the ventilator space, in a temporary effort to address the coronavirus pandemic. 

The news, which was confirmed by sources at Fitbit, means major changes are in the works for the wearable company. Park told CNBC that the company will be submitting its new technology to the FDA shortly. The wearable company reportedly sought advice from doctors at some of America’s major hospitals and is considering making a sophisticated yet low-cost vent. 

Currently, certain technologies that support the coronavirus efforts, such as ventilators, have a more relaxed path through the FDA than in typical times. In March, the HHS secretary greenlighted an Emergency Use Authorization (EUA) for ventilators and other medical devices related to treating the virus. 


While there is no cure for COVID-19, medical providers can provide supportive care, according to the CDC. Ventilators are one of the ways providers have sought to treat and support patients with the coronavirus. 

Within the last few months, medical providers called on the government and companies to produce more ventilators to address the growing need. However, this surge in production could lead to a glut, the Associated Press reports.


On May 7, Fitbit released its earnings summary, revealing that it missed its total revenue goal by $80.39 million. 

Last November, Google announced its plans to purchase Fitbit for $7.35 per share in cash, or a total of roughly $2.1 billion. That deal still appears to be going forward, as Google would have to pay Fitbit a termination fee of $250 million if it decides to back out, according to the document.

Source link


Please enter your comment!
Please enter your name here

Also Read This

Is Takeout and Delivery Food Safe?

As America begins to reopen for business, restaurants in several states have reopened for indoor dining. Others, like those in Connecticut and New Mexico,...

St. Petersburg’s journey towards an integrated EHR system

Home to the Hermitage Museum and five million residents, St. Petersburg is the second-largest city in Russia. The city also includes around 30,000 doctors, 250...

51 new coronavirus deaths in Ontario, total reaches 385 and 8,447 cases

Ontario reported 494 new cases of the novel coronavirus on Wednesday and 51 additional deaths, bringing the provincial total to 8,447 cases.The death toll...

Coronavirus: Public gatherings of up to 250 people now allowed in Quebec

Indoor and outdoor public gatherings of up to 250 people are now allowed across Quebec, as the province continues to ease restrictions linked to...


COVID-19 Precautions 

  • Wash your hands frequently .
  • Maintain social distancing,
  • Avoid touching eyes, nose and mouth.
  • Practice respiratory hygiene.