U.S. Prematurely Cancels Ventilator Contracts with Three Makers

The Trump Administration is canceling contracts for ventilators with three companies, including a $650 million deal signed in April with Royal Philips NV.

Vyaire Medical Inc. will deliver no more than 4,000 ventilators in a deal in which they contracted to provide 22,000 at a cost of $407.9 million, according to a spokesperson for the U.S. Department of Health and Human Services. Hamilton Medical will deliver no more than 4,518; the orginal agreement called for the company to provide 25,574 for $552 million.

Philips, meanwhile, said it supplied 12,300 ventilators to the U.S. Strategic National Stockpile by the end ...