US to pay US$1 billion for 100 million doses of J&J's COVID-19 vaccine candidate

WASHINGTON: The United States government will pay Johnson & Johnson more than US$1 billion for 100 million doses of its potential coronavirus vaccine, as it stocks up on vaccine and drugs in an attempt to tame the pandemic.

The latest contract is priced at roughly US$10 per vaccine dose produced by J&J, or around US$14.50 per dose, including a previous US$456 million the US government promised to J&J for vaccine development in March. That compares with the US$19.50 per dose that the US is paying for the vaccine being developed by Pfizer and German biotech BioNTech.J&J is studying both one and two-dose regimens of its vaccine.

The US government may also purchase an additional 200 million doses under a subsequent agreement. J&J did not disclose that deal's value. As the race for vaccines and treatments for COVID-19 intensifies, the US government has been signing deals to buy them through its Operation Warp Speed program. Other drugmakers who have signed deals include Sanofi and Regeneron.

This is J&J's first deal to supply its investigational vaccine to a country. Talks are underway with the European Union, but no deal has yet been reached.J&J's investigational vaccine is currently being tested on healthy volunteers in the United States and Belgium in an early-stage study.Shares of J&J were up around 1 per cent in early trading on the New York Stock Exchange.

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