Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FDA Approves Export of Covid-19 Vaccine Doses from Troubled Baltimore Plant

06/11/2021 | 10:59am EDT

By Thomas M. Burton and Sabrina Siddiqui

WASHINGTON -- The Food and Drug Administration is making millions of Johnson & Johnson Covid-19 vaccine doses available for export from a Baltimore factory that had been beset by contamination problems.

A review determined that two batches of vaccines produced at the Baltimore plant run by Emergent BioSolutions Inc. were suitable for use, the FDA said Friday.

The agency also said that it wasn't yet ready to designate the plant as an authorized manufacturing facility, and "continues to work through issues there" with J&J and Emergent.

The two batches cleared for use will provide about 10 million doses, according to people familiar with the situation. About 60 million doses were rejected for potential contamination, one of these people said, confirming a report in the New York Times.

With those rejections, there are about 120 million vaccine doses and unbottled substance made for J&J and AstraZeneca PLC at the Baltimore plant that could be cleared in coming weeks and be available for export, according to this person, a senior U.S. official.

The J&J shots are one-dose vaccines that can immunize about 10 million people. AstraZeneca's are part of a two-shot regimen, so those shots can immunize half as many people as doses available.

The Emergent plant made vaccine for J&J and for AstraZeneca, before an April 30 FDA inspection report concluded that the facility didn't take proper measures to avoid cross-contamination between the two companies' vaccine lines.

The release of the vaccines will help advance President Biden's plan to export American-made vaccines to poor nations. In England ahead of the Group of Seven summit Thursday, Mr. Biden announced a plan to make 500 million doses of a third vaccine available to other countries. That vaccine, from Pfizer Inc. and BioNTech SE, also is given as a two-shot regimen.

Those donations are slated to take place over approximately the next 12 months. The doses of Pfizer/BioNTech vaccine will be provided through Covax, the global initiative to aid developing countries in their struggle against the Covid-19 pandemic.

Mr. Biden had previously committed to export a total of 80 million doses by the end of June in a bid to increase global vaccinations.

The White House said roughly 75% of those 80 million vaccine doses will be shared through Covax. The remaining 25% will be distributed to countries where cases are surging and to their neighbors, as well as to partners who requested assistance from the U.S. government.

The administration initially said 60 million doses would come from AstraZeneca following an FDA review, since the vaccine had not been authorized in the U.S., while the other 20 million doses would be a combination of vaccines from Moderna Inc., Pfizer and Johnson & Johnson, all of which are being administered domestically.

Under the Biden plan, the biggest chunk of the first batch of doses will go to South and Central American countries, including Brazil, Argentina, Peru, Ecuador and Guatemala; countries in Asia, including India, Nepal, Bangladesh, Pakistan and Sri Lanka; and to Africa, with countries that will be selected in coordination with the African Union.

Roughly six million doses will go to partners and regional priorities such as Mexico, Canada, South Korea, the West Bank and Gaza, and United Nations front-line workers.

White House press secretary Jen Psaki said earlier this week the administration still planned to export all 80 million doses by the end of the month.

"We remain committed to that. And obviously if the FDA approves AstraZeneca doses, then that will be a component of that supply," she said.

Mr. Biden has said the U.S. will be a global leader in vaccine diplomacy, which emerged as a top issue at the G-7 summit in Cornwall, England. British Prime Minister Boris Johnson, who had called on G-7 leaders to commit to vaccinating the rest of the world by the end of 2022, said the U.K. will donate more than 100 million surplus doses globally in the next year.

Some of the world leaders in attendance have disagreed with Mr. Biden's call to waive intellectual property rights for Covid-19 vaccines as a means of accelerating production in developing countries.

The U.S. has also faced criticism from some lawmakers and international aid groups for giving priority to the vaccinations of Americans and being slow to share its supply globally.

Mr. Biden's move to export doses comes as U.S. demand for the vaccine has waned following a mid-April peak of nearly 3.4 million doses administered daily. The number of daily doses administered over the past week averaged 1.1 million, according to the Centers for Disease Control and Prevention.

--Peter Loftus contributed to this article.

Write to Thomas M. Burton at tom.burton@wsj.com and Sabrina Siddiqui at Sabrina.Siddiqui@wsj.com

(END) Dow Jones Newswires

06-11-21 1259ET

Stocks mentioned in the article
ChangeLast1st jan.
EMERGENT BIOSOLUTIONS INC. 1.87% 63.12 Delayed Quote.-29.55%
JOHNSON & JOHNSON 0.48% 165.22 Delayed Quote.4.98%
All news about JOHNSON & JOHNSON
04:05pCanada Vaccine Panel Recommends Against AstraZeneca PLC for Second Dose
02:09pUS to Spend $3.2 Billion on COVID Treatments Research
06/16ASTRAZENECAá : Second Phase of Covid-19 Vaccinations Begins
06/16EU Says Johnson & Johnson May Not Meet Vaccine Supply Commitment After Jabs C..
06/15US, EU Vow to Provide COVID-19 Vaccine to Two-Thirds of World's Population by..
06/15JOHNSON & JOHNSONá : Aspen to Dispatch 300 000 J&J Vaccines for Teachers
06/15JOHNSON & JOHNSONá : Donated US vaccines arrive for Mexican border cities
06/15THE LATEST : Johnson & Johnson shots arrive in Mexico from US
06/15FEDEXá : Makes its First COVID-19 Vaccine Delivery to Mexico, of 1.35 Million Jo..
06/15FedEx Delivers 1.35 Million J&J Covid-19 Vaccine Doses to Mexico
More news
Financials (USD)
Sales 2021 92 812 M - -
Net income 2021 22 227 M - -
Net Debt 2021 314 M - -
P/E ratio 2021 19,9x
Yield 2021 2,53%
Capitalization 435 B 435 B -
EV / Sales 2021 4,69x
EV / Sales 2022 4,39x
Nbr of Employees 134 500
Free-Float 84,3%
Duration : Period :
Johnson & Johnson Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JOHNSON & JOHNSON
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 183,67 $
Last Close Price 165,22 $
Spread / Highest target 23,5%
Spread / Average Target 11,2%
Spread / Lowest Target -4,37%
EPS Revisions
Managers and Directors
Alex Gorsky Chairman & Chief Executive Officer
Joseph J. Wolk Chief Financial Officer & Executive Vice President
Paulus Stoffels Chief Scientific Officer
James D. Swanson Global Chief Information Officer & Executive VP
Charles O. Prince Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JOHNSON & JOHNSON4.98%433 009
ROCHE HOLDING AG12.33%333 736
PFIZER, INC.7.25%219 989
NOVARTIS AG1.83%212 691
ABBVIE INC.7.23%204 052