Johnson & Johnson to supply up to 400M doses of potential COVID-19 vaccine to EU

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Johnson & Johnson will supply the European Union with up to 400 million doses of its COVID-19 vaccine candidate following approval from regulators, the pharmaceutical giant announced Thursday.

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According to the agreement, EU states will be allowed to purchase 200 million doses of the potential vaccine once it’s proven to be safe and effective. EU states will also have the option to secure an additional 200 million doses. The potential vaccine is being developed by Janssen, a subsidiary of J&J.

JOHNSON & JOHNSON’S COVID-19 CANDIDATE ENTERS THIRD TRIAL PHASE

J&J is currently developing and testing Janssen’s experimental COVID-19 vaccine candidate, which is in Phase 3 of its clinical trials.

The company surpassed the milestone last month, making it the fourth company to enter the final stage of testing its coronavirus candidate in the United States after Moderna, Pfizer and AstraZeneca.

Ticker Security Last Change Change %
JNJ JOHNSON & JOHNSON 149.16 +1.39 +0.94%
MRNA MODERNA INC. 72.87 +0.50 +0.70%
PFE PFIZER INC. 36.95 +0.48 +1.33%
AZN ASTRAZENECA PLC 54.16 +0.64 +1.19%

J&J REACHES $1B DEAL WITH US FOR COVID-19 VACCINE, 100M EXPERIMENTAL DOSES

Since the onset of COVID-19, J&J has publicly committed to ensuring global access to its vaccine.

While the company races to develop a safe and effective treatment, it has been “simultaneously working with partners around the world” to help reach that goal, Dr. Paul Stoffels, vice chairman of J&J’s executive committee and chief scientific officer, said in a statement.

At the same time, J&J is holding discussions with other stakeholders, including national governments and global organizations, in an effort to meet its commitment, the company said.

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Aside from its agreement with the EU, the company will also allocate up to 500 million vaccine doses to “ensure access for lower-income countries.”

The company projects that delivery for those doses will begin in mid-2021, following approval or authorization from regulators.

“Recognizing the unique global demand for COVID-19 vaccines, we are working tirelessly to further expand the number of available doses,” J&J said.

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