![]() ![]() Benzinga does not provide investment advice. Price Action: JNJ shares are down 0.43% at $173.26 on the last check Friday.ĭon't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. Republicans have expressed selective rage amid the rise of the Delta. WASHINGTON Quality-control problems at a Baltimore plant manufacturing Covid-19 vaccines have led health officials on three continents to pause the distribution of millions of Johnson &. In the Q1 earnings release, JNJ suspended its sales forecast for the COVID-19 vaccine due to global supply surplus and demand uncertainty. Johnson & Johnson's vaccine production problems look even bigger DeSantis issues order barring Florida schools from mandating masks. In the most recent quarter, JNJ generated $489 million in COVID-19 vaccine sales during the quarter, with none from the U.S. In June, J&J planned to terminate its Covid-19 vaccine supply with Emergent BioSolutions Inc (NYSE: EBS), and both companies accused each other of breaching the agreement. Catalent said it received payments of $54 million from J&J to resolve the contracts in October. The companies are now engaged in arbitration.Ĭatalent agreed to early termination of contracts with J&J for fill-and-finish of vaccine vials. government's urging, has fallen short of expectations. The pharma giant has terminated manufacturing agreements with companies that helped produce the shot during the pandemic, such as Catalent Inc (NYSE: CTLT) and Sanofi SA (NASDAQ: SNY).Īlso, a partnership with Merck & Co Inc (NYSE: MRK) to help make the shots, forged at the U.S. Roughly 400 million doses of the original Pfizer-BioNTech shot and nearly 250 million doses of the original Moderna shot have been administered in the U.S., compared with about 19 million J&J doses, according to the Centers for Disease Control and Prevention. Manufacturing issues limited the shot's availability, and the risk of a severe but rare blood-clotting condition discouraged some people from using it. ![]() Yet J&J's vaccine hasn't been as widely used as the Moderna Inc (NASDAQ: MRNA) or Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) shots. On April 13, 2021, the FDA and the CDC recommendedTrusted Source a pause on J&J. The drugmaker did not say how many doses were lost, and it was not clear how the. At least nine companies agreed to help manufacture J&J's shot. Why was the Johnson & Johnson vaccine paused for a while. Johnson & Johnson has said that a batch of its Covid-19 vaccines failed quality standards and can’t be used. ![]() The FDA approved the single-dose shot in February 2021 as it carried fewer cold-chain storage requirements than other shots. Johnson & Johnson (NYSE: JNJ) has significantly scaled back its efforts of manufacturing its COVID-19 vaccine after facing a fall in demand. ![]()
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