This advertisement is part of a series sponsored by NYSE to highlight how different companies in various industries are creating an impact during COVID-19. Underlying content has been approved and/or provided by each respective company without verification by NYSE, which does not endorse, recommend or make any representation about any of the highlighted companies’ products, services or businesses.
The fight against COVID-19 is now a full-fledged battle, and health care providers are on the front line. But the battleground is more extensive than ERs and ICUs, with companies across sectors using their resources to combat the pandemic.
Businesses are adjusting supply chains in days to produce lifesaving personal protective equipment; essential staff are risking their lives to keep hospitals and public spaces clean; and pharmaceutical organizations are working quickly to develop treatments and find a cure. Cities and communities are coming together to offer support ranging from supply and monetary donations to daily rallying cries of applause, song and cheers to show gratitude for essential workers.
The New York Stock Exchange is recognizing some of the organizations demonstrating grit, commitment and initiative both on and behind the front line. Below are seven companies working in or in collaboration with the health care industry to deliver lifesaving products and services.
1. 3M (NYSE: MMM)
3M is a leading producer of N95 respirators, which provide vital protection for health care workers, first responders and others working essential jobs.
The company, which produces more than a billion N95 respirators annually, has doubled its product since January and plans to continue that pace through the end of the year. 3M is working closely with governments around the world to prioritize and meet critical needs. In addition, the organization is partnering with other companies to produce innovative solutions for PPE, which can play a crucial role in preventing the coronavirus infection.
3M is working with law enforcement agencies to take down organizations engaging in illegal and unethical business practices, including price gouging and distributing fraudulent or counterfeit products.
2. Johnson & Johnson (NYSE: JNJ)
During its more than 100-year history, Johnson & Johnson has faced several daunting global health crises, natural disasters and two world wars. Today, the Johnson & Johnson Family of Companies and the Johnson & Johnson Foundation have committed a total of $300 million, $50 million of which is intended for immediate COVID-19 response.
Paul Stoffels, M.D., J&J’s vice chairman of the executive committee and chief scientific officer, recognizes that an extraordinary public health crisis requires extraordinary leadership and scientific capabilities. His dynamic team of scientific and R&D experts are working relentlessly and utilizing the power of their science, the scale of their business and the dedication of their employees to develop a vaccine to combat the pandemic.
“COVID-19 is the biggest public health challenge we’ve faced in our lifetimes. The good news is that we have access to unprecedented science and technology to help us mount a fast and effective response,” Dr. Stoffels said. “Johnson & Johnson is committed to harnessing the latest tools, sharing knowledge and resources, and fueling global collaborations to move with extreme speed to bring more than a billion doses of a safe, effective and affordable vaccine to the public.”
3. Oracle (NYSE: ORCL)
Oracle, a company that focuses on integrated cloud applications and platform services, has developed and donated the Oracle COVID-19 Therapeutic Learning System in partnership with the National Institutes of Health and other federal agencies in the U.S.
The system, which is accessible to both health care practitioners and COVID-19 patients, collects real-world data about COVID-19 patients and their prescribed treatments. It allows health care providers and agencies a fast and comprehensive way to study COVID-19 patient outcomes in aggregate. The data should help researchers quickly discover which drugs are most effective against the virus.
Oracle is providing and supporting the platform for free.
4. Bloom Energy (NYSE: BE)
Bloom Energy, a next-generation energy solutions provider, has adjusted its fuel cell manufacturing operations to refurbish out-of-service ventilators to get these much-needed devices into the hands of health care professionals.
The company is working with state agencies and its own customers — many of which are hospitals and medical device companies — to identify supplies of unused, out-of-service ventilators. They’ve also developed a ventilators 2.0 solution that allows a single device to serve multiple patients at once; the solution is in the process of obtaining emergency use authorization from the FDA.
Additionally, Bloom is working directly with state health agencies and hospitals to help power both existing buildings and makeshift, pop-up locations for treating patients. Bloom Energy’s rapid-deploy microgrid solution, which generates electricity without combustion and reduces smog-forming pollution and particulate matter by more than 99%, is a way to power temporary treatment facilities. Each microgrid can support approximately 20 tents or 200 beds. In the future, this solution might be used for other rapid-deploy scenarios for emergency management.
5. Novartis (NYSE: NVS)
To bolster the stability of global healthcare systems, Novartis has announced a broad set of measures, including the creation of a global fund of $20 million to support communities around the world impacted by the pandemic.
Novartis is part of two key cross-industry research initiatives, the COVID-19 Therapeutics Accelerator — coordinated by the Bill & Melinda Gates Foundation, Wellcome and Mastercard — and a COVID-19-oriented partnership organized by the Innovative Medicines Initiative.
The company is supporting COVID-19-related clinical investigations of several Novartis medicines. The Novartis generics and biosimilars division Sandoz is the first company to commit to keeping prices stable for several essential medicines that may help in the treatment of COVID-19. This measure will help ensure uninterrupted and equal access to crucial medications among vulnerable populations.
6. Coty Inc. (NYSE: COTY)
Coty Inc., the beauty products and fragrances manufacturer behind renowned brands such as CoverGirl and Calvin Klein, has shifted its near-term focus from personal care products to production of crucial hygiene items. The company is now creating hydroalcoholic gel, a key ingredient in hand sanitizer, to meet the overwhelming global demand.
Coty has been delivering free sanitizer to medical and emergency services professionals. It has also been distributing hydroalcoholic gel to pharmacies and some retail establishments.
7. Philips (NYSE: PHG)
Philips, a global leader in health technology, is investing more than $100 million to manufacture products and solutions to help care providers diagnose, treat and monitor COVID-19 patients. These efforts include working with the U.S. government to increase production of ventilators. Working closely with leading respiratory physicians and medical device regulators in the U.S. and other countries, Philips has introduced a readily-available ventilator, the Philips Respironics E30 ventilator, which can be safely used when there is limited access to a fully-featured critical care machine.
Over the past few months, the company has worked with hospitals and health systems around the world to increase ICU capacity in the wake of the pandemic. They’ve teamed up with the University of Kentucky’s UK HealthCare to bolster the state’s only Electronic Intensive Care Unit clinical command center. The application of virtual monitoring will help aid UK HealthCare’s clinical teams in caring for COVID-19 patients.
The Philips Foundation, which aims to provide access to quality healthcare for communities in need, has partnered with MedShare to equip homeless shelters and safety net clinics — local primary care clinics, shelters and hospitals — with necessary protective supplies. In partnership with the Elizabeth Dole Foundation, Philips is supporting military caregivers who are assisting America’s wounded and disabled veterans at home.
In the fight against the pandemic, health care workers need all the support they can get. The corporate sector will play a critical role in providing timely products and services for those on the front lines.
For more information about how the New York Stock Exchange is supporting health care workers on the front line of the COVID-19 pandemic, visit intercontinentalexchange.com/gratitude.