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Stock impact report

J&J can produce up to 900 million coronavirus vaccine doses by April 2021 if trials go well [CNBC]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: CNBC
Johnson & Johnson is aiming to produce between 600 million and 900 million doses of its potential coronavirus vaccine by the end of the first quarter of 2021 if human trials scheduled to begin in September go as planned. It plans to make 1 billion doses or more annually, J&J executives told investors during a post-earnings conference call on Tuesday. The comments came shortly after the drugmaker raised its quarterly dividend and reported first-quarter financial results that beat Wall Street's expectations. The company also lowered its 2020 adjusted earnings forecast due to the coronavirus outbreak. It's now expecting a range of $7.50 to $7.90 per share, from its prior estimate of $8.95 to $9.10 per share. Late last month, the company said human testing of its experimental vaccine for the coronavirus will begin by September and could be available for emergency use authorization in early 2021. J&J also committed more than $1 billion of investment in partnership with the federal Biomedic Show less Read more
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