Businesses around the world are shifting into overdrive to help battle the coronavirus, providing everything from rubber gloves and ventilators to diagnostic tools and, hopefully soon, vaccines. While the pandemic continues to wreak havoc, large corporations and small businesses are developing creative solutions to halt the spread of the virus.
Just as automakers famously shifted to make tanks and planes during World War II, today’s global giants — LVMH, Ford and GE to name a few — are retooling their production lines to help make everything from hand sanitizers to respirators. On the medical front, there are more than three dozen COVID-19 vaccines under development, a smart move considering that two out of every three vaccines for infectious diseases fail, according to a study by the Massachusetts Institute of Technology.
Forbes will continue to update this list of private companies and how they are stepping up to fight the COVID-19 pandemic:
Today In: Money
Abbott Laboratories: Abbott Park, Illinois healthcare firm obtained emergency FDA authorization for its 5-minute coronavirus testing kit on March 27, with plans to start manufacturing 50,000 kits a day.
Alphabet: Through its healthcare arm Verily, Google’s parent company launched a website where users can find nearby testing sites in four California counties.