GM and Bothell, Wash.-based Ventec Life Systems say they’re collaborating to extend production of Ventec’s next-generation ventilators, which will likely be sorely wanted to serve waves of patients through the coronavirus outbreak.
“With GM’s assist, Ventec will enhance ventilator production,” Ventec CEO Chris Kiple said in a news release. “By tapping their experience, GM is enabling us to get extra ventilators to extra hospitals a lot quicker. This partnership will assist save lives.”
A nationwide provide hole in ventilators has been recognized as one of many pressing challenges as hospitals put together for what may very well be a whole bunch of hundreds of COVID-19 patients requiring respiratory care.
Federal well being officers say they’re drawing upon a strategic reserves of ventilators, and so they’re trying into changing tens of hundreds of ventilators that had been constructed for different medical functions. The GM-Ventec collaboration opens a new front within the marketing campaign to serve the necessity, following by means of on GM Chairman and CEO Mary Barra’s pledge to assist fill the ventilator hole.
“We’re working carefully with Ventec to quickly scale up production of their critically essential respiratory merchandise to help our nation’s battle towards the COVID-19 pandemic,” Barra mentioned. “We’ll proceed to discover methods to assist on this time of disaster.”
Based in 2013, Ventec has developed a transportable life-support system referred to as VOCSN that mixes air flow, oxygen, cough help, suction and nebulization (medicine supply) companies in a single suitcase-sized machine. That portability will make it simpler to get the machines the place they’re wanted throughout COVID-19 disaster.
Earlier than the coronavirus outbreak, the Bothell firm was producing 150 machines monthly, but it surely’s aiming to extend that fee to thousands per month, and even tens of hundreds monthly. The newly introduced collaboration will make it attainable for Ventec to leverage GM’s logistic, buying and manufacturing experience as it really works to hit that purpose.
The GM-Ventec team-up was facilitated by StopTheSpread.org, a private-sector marketing campaign that brings collectively enterprise leaders throughout the nation to help authorities efforts to counter the outbreak.
“This can be a important step in delivering reduction to our healthcare system, which is threatened by the unfold of COVID-19,” StopTheSpread.org mentioned in an announcement. “As this virus continues to hazard the lives of numerous People, StopTheSpread.org is working to unite the enterprise group round a typical risk to our economic system and our lifestyle.”
In January, Ventec reported raising more than $20 million in a Series E funding round, primarily from current friends-and-family traders. That spherical introduced complete funding to $60 million. The corporate had 111 staff on the finish of final 12 months however is ramping up its workforce to help elevated production.