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Health Care Up On Defensive Bias -- Health Care Roundup

04/20/2021 | 05:53pm EDT

Health-care companies rose as investors rotated into defensive sectors amid worries about the pace of the economic recovery.

Johnson & Johnson shares rose after the health-care conglomerate posted first-quarter profit ahead of some investors' expectations, even as its vaccine sales outlook was complicated by pauses in vaccinations while health authorities in several countries probe safety concerns.

J&J rival Pfizer is likely to generate $24 billion in sales from its Covid-19 vaccine this year, with Moderna, another vaccine maker, likely to generate $14 billion in sales from its own shot, according to analysts at brokerage Bernstein.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

04-20-21 1752ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.39% 34055.77 Delayed Quote.11.97%
MODERNA, INC. 0.33% 153.33 Delayed Quote.46.15%
PFIZER, INC. 1.03% 40.105 Delayed Quote.6.90%
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