Bloomberg Law
Aug. 31, 2020, 11:02 PM

U.S. Prematurely Cancels Ventilator Contracts with Three Makers

Shira Stein
Shira Stein

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 ...

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