Makers of Covid-19 Treatments Hit by Falling Demand
Allied Healthcare Products, a respiratory medical-devices maker, spent hundreds of thousands of dollars in 2020 expanding its product line to meet what it believed would be a surge in demand for ventilators at the onset of the pandemic. By the time it churned out more machines, demand fell short of expectations. Earlier this month, the company filed for bankruptcy and plans to sell its assets. “Having diverted a lot of resources—time, personnel, floor and machine space—to ventilator production, Allied found it…