Johnson & Johnson says it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than one billion doses of a vaccine it’s testing to fight coronavirus
FILE PHOTO: The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company's listing at the New York Stock Exchange in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo
Johnson and Johnson said that it had selected its own lead vaccine candidate and would start human testing of its experimental coronavirus vaccine by September, with an eye on having it ready for emergency use in early 2021, the drugmaker said on Monday. J&J also committed more than $1 billion of investment along with U.S. agency Biomedical Advanced Research and Development Authority to co-fund vaccine research, expanding a previous collaboration.
A patient was dosed with Moderna Inc’s vaccine in an early-stage trial earlier this month, making it the front-runner in the race to develop a viable vaccine.
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