WORX Pops in Combating Coronavirus Scare

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, February 13, 2020

With differing reports spreading about how broadly folks the world over are catching the coronavirus, it was gratifying to hear about a company doing its bit to maintain this public health scourge.

New York-based SCWorx Corp. (NASDAQ: WORX) announced today that it is working with its hospital customers to ensure that they are able to meet their “just in case” inventory needs during the coronavirus epidemic.

Said CEO Marc Schessel, “Within the healthcare industry, data governance has proven to be transformative in many obvious ways - and in some not so obvious ways as well.

“For instance, typical hospital response to non-standard operational disruptions (such as the coronavirus or industrywide production-related failures) is rapid, though not equal to the current threat level. The response to such disruptions is that each individual facility dramatically increases their ordering of basic supplies such as isolation gowns, protective gloves and masks necessary if the disease takes on epidemic proportions. Hospitals classify this response as ‘just in case’ inventory.”

The rise in the price of WORX shares reflected this optimism. The company flourished 38 cents, or 15.5%, early Thursday afternoon to $2.84, on volume topping 1.5 million shares.

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