Cook Medical, the privately held manufacturer of minimally invasive devices for about 60 different specialties, plans to lay off about 500 people worldwide – about 4% of its workforce – as part of a new five-year vision and strategic plan.
Minute Insight: Cook Cuts 4% Of Its Global Workforce
The Indiana company is the latest medtech firm to announce that it is making broad headcount reductions to cut costs.
More from Business
More from Medtech Insight
• By
In discussing FDA’s adverse event monitoring, Makary also seemed to falsely imply the agency did not fully investigate the myocarditis signal with COVID-19 vaccines.
• By
The US FDA continues to issue early alerts as part of its communications pilot aimed at improving how the agency manages recalls. This time, the agency is notifying users about two separate intravascular catheters.
• By
The US Medicare agency will hold three public meetings in June and July addressing tremor treatment devices and clinical diagnostic lab tests. The first meeting on June 25 will focus on endpoints for Parkinson’s device trials, while subsequent meetings will address payment rates and codes for laboratory tests.