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Stock impact report

J&J to pay Emergent $135 million as part of COVID-19 vaccine manufacturing deal [MarketWatch]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: MarketWatch
Shares of Johnson & Johnson were up 0.4% in premarket trading on Friday after the company announced a manufacturing deal with Emergent BioSolutions Inc. for its COVID-19 vaccine candidate. Emergent's stock gained 7.4% before the market opened. J&J has said it plans to launch Phase 1 clinical studies of its vaccine in September, and this deal is part of efforts to ramp up manufacturing capacity. J&J will pay Emergent $135 million, per the agreement, according to Emergent. "We believe that J&J has selected Emergent to be its U.S. based manufacturer of the vaccine," Chardon analysts wrote in a note on Friday. Year-to-date, J&J's stock has gained 6.6%, shares of Emergent are up 23.4%, and the S&P 500 is down 13.4%. Show less Read more
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