Supply Chain

The state with the most monkeypox cases, New York, only had 1,000 monkeypox vaccines while the U.S. had 372,000 doses waiting overseas, The New York Times reported July 25. 

The world's only company with an authorized monkeypox vaccine, Bavarian Nordic, may soon be running 24/7 after the World Health Organization defined the current outbreak as a global health emergency, according to Bloomberg. 

Material science company 3M said it plans to spin off its healthcare ventures into two publicly traded companies, New 3M and Health Care, by the end of 2023. 

There aren't enough monkeypox vaccines to go around.

The healthcare sector is reexamining how to build greater flexibility into supply chains while preserving efficiency and preparing for future shocks to the system.

Medline Industries expects to lay off 97 workers as it closes a facility in Rowan County, N.C., according to a July 22 report from The News & Observer. 

Healthcare investment firm Patient Square Capital plans to acquire Hanger, an Austin, Texas-based orthotic and prosthetic devicemaker, for $1.25 billion. 

Citing eight product malfunctions, Smiths Medical has recalled more than 118,000 syringe infusion pumps after reports of one death and seven serious injuries. 

Danville, Pa.-based Geisinger health system is partnering with Excelerate to reduce its supply chain costs up to 20 percent, according to a July 20 press release. 

In the most serious type of recall, American Contract Systems has recalled 99,900 distributed COVID-19 test kits after the FDA deemed the facility "uncontrolled" because of untrained workers.