J&J Partners With Emergent BioSolutions To Expand Manufacturing of Covid-19 Vaccine Candidate
April 23 2020 - 8:11PM
Dow Jones News
By Kimberly Chin
Johnson & Johnson said it will work with Emergent
BioSolutions Inc. to expand the production of its Covid-19 vaccine
candidate, as the company looks to scale up manufacturing of its
potential treatment globally.
In collaboration with Janssen Pharmaceutical Cos., which is a
part of J&J, Emergent will provide drug manufacturing services
starting this year. The Gaithersburg, Md., company will also set
aside some of its operations to potentially support the commercial
manufacturing of J&J's Covid-19 vaccine candidate, J&J
said.
J&J said that it is already preparing for clinical vaccine
production at its Leiden, the Netherlands facility. It expects to
start its Phase 1 clinical trial of its vaccine candidate on humans
in September.
The company said that it will start production "at risk" and it
"is committed to bringing an affordable vaccine to the public on a
not-for-profit basis."
J&J has a goal of supplying more than one billion doses of
the vaccine globally.
Shares of Emergent, which has gained 26% in the past 12 months,
rose 7.6% in after-hours trading to $71.65. J&J's shares were
unchanged.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
April 23, 2020 19:56 ET (23:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Johnson and Johnson (NYSE:JNJ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Johnson and Johnson (NYSE:JNJ)
Historical Stock Chart
From Apr 2023 to Apr 2024