Markets
SDC

SmileDirectClub Opens 3D Printing Facility to Provide Coronavirus Medical Supplies

SmileDirectClub (NASDAQ: SDC) announced on Thursday that the company is opening a 3D printing facility dedicated to producing much needed COVID-19 medical supplies. The company, which happens to be one of the largest 3D manufacturers in the country, will be partnering with various medical-supply companies and other healthcare groups to help combat the COVID-19 pandemic.

Hospitals and other healthcare organizations that could be in need of supplies are encouraged to contact that company directly at an email address provided in the press release.

Government officials have warned that the country could face a shortage of medical supplies. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases (NIAID) and a key White House official involved in fighting COVID-19, warned that the country's medical supply stocks would be tested by the virus in the weeks to come.

A close-up of a 3D printer producing a component.

Image source: Getty Images.

"Due to recent automations that increased our printing output capacity, we're able to easily add this production to our current clear aligner therapy lines. We urge any company or health organization that could use additional production resources to reach out to us directly," said CEO David Katzman in an official company statement.

Further details

With many European countries seeing dramatic spikes in the number of COVID-19 cases, the U.S. government is doing everything it can to prepare for what seems like an inevitable influx of patients. The Centers for Medicare and Medicaid Services recently asked all hospitals across the country to postpone all elective surgeries to save supplies and instead prepare for COVID-19.

 

10 stocks we like better than SmileDirectClub, Inc.
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and SmileDirectClub, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

 

*Stock Advisor returns as of March 18, 2020

 

Mark Prvulovic has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SDC

Other Topics

Coronavirus

Latest Markets Videos

    The Motley Fool

    Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

    Learn More