3D Printing Stocks Jump Amid Need For Scarce Medical Supplies

Shares of companies that make 3D printers are moving higher on Wednesday amid reports that various groups have responded to shortages of ventilator medical masks and other essential medical supplies with 3D printing.

INTERNATIONAL CALL FOR SUPPLIES: According to a recent story from 3D Printing Media Network, an industry trade journal, Dr. Zahid Fedial, an ER Doctor at the Aljawda hospital in Sudan, reached out to ask for support with respirators. "Please indicate what masks, ventilators, and other medical devices that could help us fighting COVID-19," he said, "I can say without a doubt that we are in desperate need of those 3D printed ventilators designs and devices -- we don't have enough resources in our ICU and we certainly will not be able to cope with the with numbers of patients that are expected to arrive, which could spell for disaster." Additionally, media outlets are reporting that a medical device maker has threatened a lawsuit against a group of volunteers in Italy who 3D printed a valve which costs about $11,000 from the corporate manufacturer, but the volunteers were able to make for about a dollar for a hospital in need due to the coronavirus impact.

PRICE ACTION: Shares of 3D Systems (DDD) are up 6%, while ExOne (XONE) is up 4.3%.

OTHERS TO WATCH: Other publicly traded companies that may be impacted include Stratasys (SSYS), Proto Labs (PRLB), and Materialise (MTLS).

Disclosure: None.

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