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3/28, 4:05 AM (Source: TeleTrader)
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Owens & Minor boosts production over COVID-19

Hospital supplier Owens & Minor Inc. is working around the clock to meet higher demand for personal protective equipment such as face masks and other medical devices due to the ever-rising spread of the coronavirus, the company's CEO Ed Pesicka said on Friday.

Pesicka told CNBC the company has already increased its production capacities and work shifts earlier this year, but added that even though they have already started working on an additional expansion, it will take another five to six months to make sure the company is capable of completing the task.

Owens & Minor shares jumped almost 24% in the after-hours trading following Pesicka's interview.

Breaking the News / BJ