U.S. to pay $1 billion for 100 million doses of J&J's COVID-19 vaccine candidate


2/2
© Reuters. FILE PHOTO: A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe in this illustration

2/2

By Michael Erman

(Reuters) – The United States government will pay Johnson & Johnson over $1 billion (760.5 million pounds) for 100 million doses of its potential coronavirus vaccine, as it stocks up on vaccine and drugs in an attempt to tame the pandemic.

The latest contract is priced at roughly $10 per vaccine dose produced by J&J, or $20 per dose, including a second $1 billion from the U.S. government promised to J&J in March. That would be roughly in line with the $19.50 per dose that the U.S. is paying for the vaccine being developed by Pfizer Inc (NYSE:) and German biotech BioNTech SE.

J&J is studying both one and two-dose regimens of its vaccine. Pfizer and BioNTech’s candidate would require two doses per person treated. The drugmaker said on Wednesday it would deliver the vaccine to the Biomedical Advanced Research and Development Authority (BARDA) on a not-for-profit basis to be used after approval or emergency use authorization by the U.S. Food and Drug Administration (FDA).

The U.S. government may also purchase an additional 200 million doses under a subsequent agreement. J&J did not disclose that deal’s value.

As the race for vaccines and treatments for COVID-19 intensifies, the U.S. government has been signing deals to buy them through its Operation Warp Speed program. Other drugmakers who have signed deals include Sanofi (PA:) SA and Regeneron Inc.

READ  Coronavirus: Asia's 'shining star' suffers biggest ever slump

This is J&J’s first deal to supply its investigational vaccine to a country. Talks are underway with the European Union, but no deal has yet been reached.

J&J’s investigational vaccine is currently being tested on healthy volunteers in the United States and Belgium in an early-stage study.

There are currently no approved vaccines for COVID-19. More than 20 are in clinical trials.

Shares of J&J were up around 1 percent in early trading on the New York Stock Exchange.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here