Hand sanitizer effectively kills the coronavirus.
“In the absence of a vaccine or effective antiviral drugs, hand hygiene is a mainstay of efforts to prevent the spread of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19,” reports Medical News Today.
Reportedly, scientists in Germany and Switzerland tested two sanitizers effectiveness against SARS-CoV-2. The first sanitizer included ethanol — 80% by volume (vol/vol), glycerine (also known as glycerol) — 1.45% vol/vol, and hydrogen peroxide — 0.125% vol/vol. The second one included isopropanol — 75% vol/vol, glycerine — 1.45% vol/vol, and hydrogen peroxide — 0.125% vol/vol, as also reported by Medical News Today.
Scientists found that both versions killed the virus. “We showed that both WHO-recommended formulations sufficiently inactivate the virus after 30 seconds,” said Prof. Pfänder, of the Department for Molecular and Medical Virology at Ruhr-Universität Bochum, in Germany.
In addition, the Center for Disease Control (CDC) strongly recommended using hand sanitizer with at least 60% alcohol. Even the makers of Purell, GOJO Industries are seeing big demand. “We are seeing a substantial increase in demand. We have experienced several demand surges in the past during other outbreaks, and this is on the higher end of the spectrum.”
As the global story unfolds, some of the top stocks to keep an eye on include The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), Clorox Co. (NYSE:CLX), Kroger Co. (NYSE:KR), Kimberly Clark Corp. (NYSE:KMB), and 3M Co. (NYSE:MMM).
The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. announced its subsidiary Urban Juve has successfully listed its Urban Juve hand sanitizer gel with the U.S. Food and Drug Administration (the “FDA”), allowing it to market and sell its hand sanitizer gel with 65% ethyl alcohol throughout the U.S. The FDA issued NDC number 75385-0010-1 as confirmation of acceptance of listing of the Urban Juve hand sanitizer gel, which may be labelled as an antiseptic to help reduce bacteria on the skin. The formula contains Aloe Vera which can help ward off side effects related to dryness of the skin, and Eucalyptus Oil which is known to relieve stress and boost mental clarity.
Urban Juve began pre-selling its Health Canada approved hand sanitizers to Canadian retail chains and Canadian consumers this week, for delivery in May. Canadian consumers can now place pre-orders at urbanjuve.com. The company intends to begin taking orders for its FDA listed hand sanitizer product from U.S. retailers and U.S. residents in May for deliveries beginning in July.
Yield Growth has adopted a policy to donate hand sanitizer products to COVID-19 front line workers and has allocated 1,000 units for initial donations. Handwashing isn’t always practical, especially for front line workers. Through Urban Juve’s Instagram, Twitter, and Facebook accounts followers will be asked to nominate communities most in need of supplies.
“Our team is tremendously proud to play a part in the solution, during this chaotic time, by leveraging our expertise to develop high quality, natural hand sanitizers,” says Karla Cheon, Yield Growth VP, Marketing. “The saying goes: ‘people don’t remember what you say, they remember how you made them feel,’ and we hope to bring some peace of mind to our community through the availability and donations of our sanitizers.”
To combat Coronavirus, if soap and water are not readily available, the Centers for Disease Control and Prevention (CDC) recommends consumers use an alcohol-based hand sanitizer that contains at least 60 percent ethyl alcohol.
On March 27, 2020 and on April 2, 2020 Health Canada’s Natural and Non-prescription Health Products Directorate (NNHPD), issued Product Licenses NPN 80097926 and NPN 80098154 for Urban Juve’s hand sanitizer products. The hand sanitizer market is expected to grow at a CAGR of over 17% between 2019 and 2025 according to a new report from Aritzon, with sales this year expected to reach US $11 billion in 2020, a 600% increase over last year. Alcohol-based hand sanitizers are set to become a standard household good.
Other related developments from around the markets include:
Clorox Co. (NYSE:CLX) announced the election of Kathryn (Kathee) Tesija to its board of directors, effective May 18, 2020. Tesija previously led all merchandising and supply chain efforts for Target Corporation. “As a longtime enterprise leader in the retail industry, Kathee will add valuable perspectives to our board,” said Clorox lead independent director Pamela Thomas-Graham. “In addition, her expertise in digital, innovation, marketing and consumer behavior will help us in our efforts to drive our strategy of innovating brands and shopping experiences and ultimately enable us to better serve people.” Tesija, 57, has been a senior adviser and consultant at Simpactful LLC, a CPG/retail consultancy firm, since 2016. Previously, she served as executive vice president and chief merchandising and supply chain officer for Target Corporation, the second-largest discount retailer in the United States, from 2008 to 2015. In this role, she oversaw all functions of product design and development, sourcing, merchandising, presentation, inventory management, operations, and global supply chain for Target.com and nearly 1,800 retail stores. During her tenure at Target beginning in 1986, she served in numerous positions of responsibility, including director, merchandise planning; senior vice president, hardlines merchandising; and strategic adviser.
Kroger Co. (NYSE:KR) published the first installment of SharingWhat We’ve Learned: A Blueprint for Businesses to provide actionable recommendations for retailers, restaurants and food service companies, manufacturers, logistics and distribution centers and other industries to consider as they start crafting plans for safe work environments while the COVID-19 risk persists. “With nearly 2,800 grocery stores, 35 manufacturing plants, 44 distribution centers and 460,000 associates across the country, Kroger has learned and continues to learn a lot while keeping our stores and supply chain open and serving America during the pandemic,” said Rodney McMullen, Kroger’s chairman and CEO. “As an essential business, we have led with our Purpose: to Feed the Human Spirit and have taken extensive measures across our footprint to safeguard our associates, customers and supply chain. We are sharing what we’ve learned to help businesses begin to reopen safely and in sync with their respective state plans.”
Kimberly Clark Corp. (NYSE:KMB) reported first quarter 2020 results. Chairman and Chief Executive Officer Mike Hsu said, “Since the outbreak of COVID-19, Kimberly-Clark has taken decisive actions to protect the health and safety of our people, customers and consumers, proactively managed our global supply chain to ensure a steady supply of our essential products, and positioned our brands to help support those in need. I am incredibly proud of all the ways our employees are responding to this crisis, all while staying focused on serving consumers who count on Kimberly-Clark.” Hsu continued, “A combination of increased consumer demand for our products and strong execution by our teams is reflected in our first quarter results. We increased investments in our business and our market positions remain broadly healthy. In addition, we generated very strong cash flow and further strengthened our balance sheet by executing two long-term debt transactions in the quarter. Given the lack of visibility and uncertainty about the pandemic and its potential effects on the global economy and our business, we are temporarily suspending our forward-looking guidance. We expect that we will resume guidance when the environment stabilizes and we can provide a clear picture of our expectations. As always, we are prudently managing our business in the near-term while maintaining focus on the long-term health of our company.”
3M Co. (NYSE:MMM) announced the following investor event: First-quarter 2020 earnings conference call on Tuesday, April 28, 2020, at 8 a.m. CDT. The earnings call can be accessed at (800) 762-2596 within the U.S. or +1 (212) 231-2916 outside the U.S. This event will be webcast live, and a replay will be available on 3M’s Investor Relations website.
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