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U.S. to pay $1 billion for 100 million doses of Johnson & Johnson's COVID-19 vaccine candidate

Coronavirus Aug 05, 2020 11:20AM ET
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By Michael Erman

(Reuters) - The United States government will pay Johnson & Johnson (N:JNJ) over $1 billion for 100 million doses of its potential coronavirus vaccine, as it stocks up on vaccine and drugs in an attempt to tame the pandemic.

The latest contract is priced at roughly $10 per vaccine dose produced by J&J, or around $14.50 per dose, including a previous $456 million the U.S. government promised to J&J for vaccine development in March. That compares with the $19.50 per dose that the U.S. is paying for the vaccine being developed by Pfizer Inc (N:PFE) and German biotech BioNTech SE (F:22UAy).

J&J is studying both one and two-dose regimens of its vaccine. Pfizer and BioNTech's candidate would require two doses per person treated. The drugmaker said on Wednesday it would deliver the vaccine to the Biomedical Advanced Research and Development Authority (BARDA) on a not-for-profit basis to be used after approval or emergency use authorization by the U.S. Food and Drug Administration (FDA).

The U.S. government may also purchase an additional 200 million doses under a subsequent agreement. J&J did not disclose that deal's value.

As the race for vaccines and treatments for COVID-19 intensifies, the U.S. government has been signing deals to buy them through its Operation Warp Speed program. Other drugmakers who have signed deals include Sanofi SA (PA:SASY) and Regeneron Inc. (N:REGN)

This is J&J's first deal to supply its investigational vaccine to a country. Talks are underway with the European Union, but no deal has yet been reached.

J&J's investigational vaccine is currently being tested on healthy volunteers in the United States and Belgium in an early-stage study.

There are currently no approved vaccines for COVID-19. More than 20 are in clinical trials.

Shares of J&J were up around 1 percent in early trading on the New York Stock Exchange.

(This story corrects size of previous deal with BARDA in paragraph two)

U.S. to pay $1 billion for 100 million doses of Johnson & Johnson's COVID-19 vaccine candidate
 

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Comments (4)
Vasileios Skotidas
Skotidas Aug 07, 2020 3:10AM ET
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Im really curious, with what criteria do US people vote and elect creatures like Trump?
Alex Cavasin
Alex Cavasin Aug 06, 2020 8:39PM ET
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I'll pick up guns before i let anyone mandate a vaccine for me...to ********bg
Ronald Warren
Ronald Warren Aug 05, 2020 10:19AM ET
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Absolutely Unbelievable!! The government just gave moderna a billion dollars to develope a vaccine!! I guess we'll just write off that investment! Ever wonder why Trump spent half his life in bankruptcy court? How you 'gonna feel when a hundred dollars is worth a yuan?
Pratt Man
Pratt Man Aug 05, 2020 9:40AM ET
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jeez we're just throwing money at all the experimental drugs but nothing to prevent more dead people. Trump 2020: it is what it is.
Nicolas Wahr
Nicolas Wahr Aug 05, 2020 9:40AM ET
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The US has been paying hundreds of billions of dollars to offer enough equipment and safety for all states. A billion in nothing in comparison.
 
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