Ecolab Inc. ( ECL Quick Quote ECL - Free Report) recently became the first company to receive U.S. Environmental Protection Agency (EPA) product approval for disinfection of biofilms in wastewater drains for its Virasept product. It is a crucial component of an elaborate environmental hygiene program developed to proficiently help combat bacterial growth in hospitals. This approval should boost the company’s Global Industrial segment. More on Virasept
Virasept is a patented, peracid mixture, ready-to-use cleaner, deodorizer and hospital disinfectant. It is the first-to-market unique foaming application solution.
Published clinical studies have confirmed that foaming is a more efficient method to apply product to drains compared to liquids as it ensures contact time compliance. Effective drain biofilm disinfection curbs the risk of environmental transmission of pathogens found in biofilms. The Ecolab team collaborated with the EPA to refine the test methods which are needed to show foaming efficiency against these pathogens in drain biofilms. Other than this foaming application for drain biofilms, Virasept can be used to combat more than 30 organisms of concern, including norovirus. Recent Developments
In October 2020, the company attained product approval from the U.S. EPA for use against SARS-CoV-2, the virus responsible for COVID-19. Ecolab’s Peroxide Multi Surface Cleaner and Disinfectant is the first EPA-registered disinfectant which has been proven to be effective at killing the SARS-CoV-2 virus and has been approved for use with electrostatic spray technology. This disinfectant is one example of the breakthrough solutions powering the new Ecolab Science Certified program.
Also, in the same month, the company launched a path-breaking product, Sink & Surface Cleaner Sanitizer, to address unexpected hygiene challenges. It is the first EPA-registered concentrated no-rinse, 2-in-1 cleaner and sanitizer for food contact surfaces that can kill emerging viral pathogens in 30 seconds. Market Prospects
a report by ResearchAndMarkets, the global disinfectants market is projected to rise to $0.78 billion in 2020 from $0.66 billion in 2019 from at a compound annual growth rate (CAGR) of 17.2%. Price Performance
Over the past year, the stock has gained 17.5% compared to the
industry’s 5.7% growth. Zacks Rank and Key Picks
Currently, Ecolab holds a Zacks Rank of 3 (Hold).
Some better-ranked stocks from the broader medical space include Align ( Technology ALGN Quick Quote ALGN - Free Report) , Cardinal Health ( CAH Quick Quote CAH - Free Report) and Thermo Fisher Scientific ( TMO Quick Quote TMO - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Align Technology has a projected long-term earnings growth rate of 18.3%. Cardinal Health has a projected long-term earnings growth rate of 5.5%. Thermo Fisher has an estimated long-term earnings growth rate of 18%. Biggest Tech Breakthrough in a Generation
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