Medtronic gets FDA Nod for Lower Cost Ventilators

Medical device maker Medtronic has won Food and Drug Administration approval to immediately market a lower-cost ventilator to meet increased demand because of the coronavirus outbreak.

The ventilator, the Puritan Bennett 560, is currently sold in 35 countries at an average price of under $10,000, the company said late Wednesday. It plans to launch the ventilator in May.