MedTech Dive March 19, 2024
Demand for the products peaked during the COVID-19 pandemic but has fallen away since then.
Dive Brief:
- Siemens Healthineers said Monday that it plans to close its fast track diagnostics unit in response to a significant drop in demand, becoming the latest medtech company to make cuts this year.
- The unit provides polymerase chain reaction (PCR) testing products, mainly in Europe. Demand for the products peaked during the COVID-19 pandemic but has fallen away since then.
- Closing the unit will affect around 90 employees, most of whom work in Luxembourg. Siemens, which has laid off U.S. diagnostics staff as part of a wider restructuring, is aiming to complete the closure in September.
Dive Insight:
Siemens discusses “syndromically grouped...
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Topics: Medical Devices