J&J selects lead vaccine candidate for COVID-19
Shares of Johnson & Johnson (NYSE: JNJ) were up more than 3.8% at $128.16 in early trading today, after the US healthcare giant announced the selection of a lead COVID-19 vaccine candidate from constructs it has been working on since January 2020.
This marks a significant expansion of the existing partnership between the Janssen Pharmaceutical Companies of J&J and the Biomedical Advanced Research and Development Authority (BARDA); and the rapid scaling of the company's manufacturing capacity with the goal of providing global supply of more than one billion doses of a vaccine.
Testing to start in September at latest; $1 billion investment
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