Via Reuters
“UK’s Smiths Group (SMIN.L) said on Tuesday the separation of its medical unit will be delayed, as it focuses on making and delivering ventilators and critical-care devices to hospitals tackling the shortage of life-saving equipment as the coronavirus spreads.”
“Britain has ordered 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing companies, which will start production this week in response to an urgent government call for industry to help save lives.”
“Smiths has been ramping up production of its Smiths Medical paraPAC plus, a lightweight and portable ventilator that helps remove strain from the lungs.”
See more on Smiths’ decision to delay the spinoff of its medical division
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