Medtronic
–36% since Feb. 19
Medtronic (NYSE:MDT) announced last week that it will double its capacity to manufacture and supply ventilators. The Fridley, Minn.-based company doubled the number of shifts in manufacturing ventilators at its Galway, Ireland, factory, bringing it to a 24/7 operation as additional staff is being transferred from other Medtronic sites to increase activities.
Medtronic also said it is prioritizing high-risk/high-need areas for ventilator allocation on a weekly basis, but is monitoring the situation as it unfolds.