August 5, 2020

US signs $1 billion vaccine deal with Johnson & Johnson

Washington (AFP) – The US government Wednesday announced a new $1 billion investment in a COVID-19 vaccine being developed by Johnson & Johnson, guaranteeing 100 million doses.J&J, via its subsidiary Janssen, had already received $456 million in March.The new¬†money will allow the company to ramp up production so that doses are ready for shipping if and when the drug receives regulatory approval.The government also has the option to acquire additional doses sufficient to vaccinate 300 million people.With the latest deal, President Donald Trump’s administration has spent $9.4 billion on vaccine …


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