Information and insights from HSBC US to help your business navigate the impact of novel coronavirus, with updates as the situation evolves.
What our clients are doing in response to COVID-19
We’re proud to partner with a number of organizations that are taking extraordinary steps in the fight against COVID-19. Explore their stories of resilience below.
IAVI scientists develop a coronavirus vaccine
IAVI is a non-profit scientific research organization whose mission is to translate scientific discoveries into affordable, globally accessible public health solutions.
IAVI researchers began working on a coronavirus vaccine candidate in early 2020 when it became clear that the coronavirus disease 2019 (COVID-19) was spreading globally, and that the organization had the expertise needed to contribute to the response. In May 2020, IAVI announced their collaboration with Merck, known as MSD outside the United States and Canada, to work together to develop the vaccine at an accelerated pace. Working in their vaccine design and development laboratory in Brooklyn, IAVI was able to pivot from developing vaccines for HIV/AIDS and other diseases to respond to the coronavirus pandemic by leveraging their expertise in recombinant vesicular stomatitis virus (rVSV) vector technology. The use of an established vaccine technology could potentially speed development, clinical testing, and approval of the vaccine candidate in the midst of the continuing global public health threat of COVID-19.
Image Credit: IAVI
Lafayette 148, a New York-based women's fashion brand, is helping in the fight against COVID-19 with support from HSBC. The luxury clothing company has partnered with the Brooklyn Navy Yard and the New York City Economic Development Corporation to make surgical gowns for area hospitals, as in response to a citywide shortage of medical supplies. Their team developed and digitized the initial patterns for the garments, which are being manufactured in and around the city, including by a team of dedicated designers in their sample studio. They have also raised over $100,000 for the local hospitals' heroic staff.
As a recipient of a Paycheck Protection Program loan administered by HSBC, Lafayette 148 was able to continue operating in order to support not just their own business, but the New York healthcare community. The surgical gowns initiative has produced hundreds of thousands of garments since it launched in April, and they plan to continue making more.
Image Credit: Lafayette 148
3D Systems is utilizing its 3D printing technology to fight COVID-19 on multiple fronts.
The 3D printing company is producing essential COVID-19 equipment for healthcare providers to bolster a global shortage of resources: ventilators, face masks and face shields. Beyond frontline equipment, they’ve created a COVID-19 simulation module that provides hands-on training for point-of-care ultrasound skills essential in triage and monitoring of coronavirus in patients. The simulated cases vary from healthy to severe.
As large-scale virus testing ramps up, 3D Systems is working with clinicians to evaluate methods of mass-producing the nasopharyngeal swabs. Learn more about their efforts at the 3D Systems coronavirus information center.
Image Credit: 3D Systems
Under Armour is leaning in to stop the spread of COVID-19 by donating its designs, facilities, equipment and teammates’ time. To support healthcare and related organizations, housing/community agencies, human services including Johns Hopkins Health, University Maryland Medical System, LifeBridge Health, MedStar Health and more, the sports performance brand has shifted production at its UA Lighthouse innovation hub to manufacture essential PPE including face masks and isolation gowns.
More than 50 Under Armour teammates, from materials scientists to apparel designers, came together in March to design a one-piece, no sew mask to provide a barrier between the wearer and those around them. A design that could be produced very quickly and in mass volumes. By the first week of June, Under Armour is projected to supply nearly 5 million masks and more than 200,000 gowns.
Image Credit: Under Armour
Clothing company BELLA+CANVAS is striving to stop the spread of COVID-19 by producing up to 100 million non-medical face masks per week for essential business workers. Created in their advanced cutting facility in California, the masks have an innovative no-sew design, produced with zero human touch. They make a lightweight jersey version and a sweatshirt-like fabric face cover, both with a one-size-fits-all design with raw edges and two ear holes to fit different face sizes.
Image Credit: BELLA+CANVAS