Arizona Tribune - Johnson & Johnson temporarily halts Covid-19 vaccine output: report

NYSE - LSE
RBGPF 0% 68 $
CMSC -0.09% 22.42 $
NGG 0.39% 66.04 $
RIO -1.02% 59.62 $
SCS 0.4% 11.365 $
BTI -1.09% 40.655 $
GSK -1.13% 37.445 $
BCC 0.32% 99.23 $
AZN 0.1% 72.67 $
RYCEF -1.82% 9.87 $
RELX -0.08% 50.63 $
JRI 0.31% 13.02 $
BCE -3.24% 22.065 $
CMSD 0.11% 22.845 $
VOD -1.37% 9.145 $
BP -0.22% 33.735 $
Johnson & Johnson temporarily halts Covid-19 vaccine output: report
Johnson & Johnson temporarily halts Covid-19 vaccine output: report

Johnson & Johnson temporarily halts Covid-19 vaccine output: report

Johnson & Johnson has temporarily suspended production at a key plant manufacturing the Covid-19 vaccine, the New York Times reported Tuesday.

Text size:

The facility in the Dutch city of Leiden halted output late last year, according to the report, which cited people familiar with the decision.

J&J, without confirming or denying the report, said it has continued to fulfill delivery commitments, a company spokesman said.

The factory, which is currently making an experimental vaccine, is expected to resume production of the Covid-19 vaccine again in a "few" months, the Times reported.

J&J currently has "millions of doses of our Covid-19 vaccine in inventory," according to the J&J spokesman.

"We continue to fulfill our contractual obligations in relation to the Covax facility and the African Union," the company spokesman said.

J&J has projected sales of $3 billion to $3.5 billion in 2022 for its Covid-19 vaccine, much less than the $32 billion forecast by Pfizer for the same period.

But the J&J vaccine has been sought after in developing countries because, unlike other options, it does not require transportation at very cold temperatures. Also, the vaccine was originally billed as a single-shot inoculation.

Additional plants are being outfitted to make the vaccine, but production is not expected until late spring, the Times said.

H.Gonzales--AT