“There was a lot of concern about the shortage of ventilators and we realized we had expertise already around the supply chain,” Fitbit CEO James Park advised CNBC.
To speed up the method, Fitbit would submit its plans beneath FDA’s emergency use authorization. In case you’re unaware, emergency use authorization permits the FDA to approve using unapproved merchandise in medical emergencies, which on this case is COVID-19.
The firm additional proposed that it is able to manufacture ventilators to fulfill the growing demand not solely within the U.S. however in different components of the world as properly. As per a spokesperson quoted by CNBC, Fitbit will be part of palms with an present vendor in Taiwan to make this potential.
“I believe one of many benefits for us is that we’ve the infrastructure and manufacturing functionality. We already make 10 million (wearable) units per 12 months, and we plan to leverage that to make ship merchandise at no matter volumes are wanted,” Park added. Fitbit, nevertheless, shouldn’t be planning to make ventilators part of its product lineup. “We don’t plan on this being a permanent line of our business,” he additional clarified.
According to the report, Fitbit has not finalized the price of those ventilators simply but. Park needs these ventilators to be the “most advanced” whereas being accessible at a “lower” price. Ventilators are normally priced someplace round $20,000 and will go as much as $50,000.
David Sheridan, who works as an assistant professor of emergency drugs at Oregon Health and Science University has reportedly offered suggestions concerning the core parts utilized by Fitbit in its ventilator. According to Sheridan, the ultimate product shall be “somewhere in the middle” between an entry-level emergency ventilator and a premium one. Other bigwigs like Tesla, Ford, and General Motors are constructing ventilators to assist meet the elevated demand through the present scenario.