Tag Archive for Medtronic

Israeli division CEO gives away patents to manufacture ventilators

CEO of the company’s Israel division, Yaron Yitzhari says, “the financial impact has negligible weight, because the main thing is saving lives, and that’s what our company knows how to do.”

By Shimon Cohen

 

Medtronic, the world’s largest manufacturer of medical equipment, is currently receiving large amounts of attention for its ventilator. This week, the CEO of the company’s Israel division, Yaron Yitzhari, made the decision to release all of Medtronic’s patents for the production of ventilators, in order to enable any company wishing to manufacture them to use Medtronic’s blueprints, for free.

Arutz Sheva spoke with CEO Yitzhari, asking him about his decision and the possible repercussions for the company. Continue Reading »