Covid-19 is dealing a big blow to Medtronic's revenue

Medtronic can't make ventilators fast enough to help thousands of Covid-19 patients. But demand for many of its other products has nosedived as hospitals concentrate on the pandemic, leading to a sharp revenue decline around the world. The medical-device giant on Tuesday said that weekly revenue from the United States has dropped by 60 percent year-over-year since mid-March, the result of hospitals and patients delaying a broad range of elective procedures — from bariatric surgeries to spine…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news