The sleep apnoea business has finally seen the slowdown of ventilator sales.
The medical device maker has seen an easing in COVID-19-driven demand for its ventilators and is now banking on a recovery of its core business of sleep apnea products.
The medical device maker is pinning hopes on remote care after it posted another strong quarter due to ventilator sales amid the second and third waves of the coronavirus pandemic.
The ventilator maker posted a 24 per cent jump in operating profit but acknowledges demand won't last.
Resmed chief executive Mick Farrell says the $33 billion medical device maker is preparing for new coronavirus hot spots around the world as ventilator sales boosted its quarterly revenues by more than $50 million.
Young Henrys,an independent craft brewer from Sydney's inner west,is pivoting to hand sanitiser production as demand soars.
Listed medical device maker ResMed's boss Mick Farrell believes countries can contain the coronavirus but only if people respect strict social distancing guidelines.
Economists believe some industries are likely to weather the economic downturn better than others.
Hotels stand ready to become quarantine wards as the coronavirus threatens to overwhelm the health system's ability to cope.
Shares of the medical device maker jumped on Friday after the company beat earnings expectations with its latest result.
The medical device maker says it's willing to head to court to fight the Australian Taxation Office over its tax assessment as it posts an 8 per cent fall in net profit.