J&J’s shipment of COVID-19 shots to drop next week

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Johnson & Johnson is expected to ship 700,000 doses of its COVID-19 vaccine on the week of April 12; however, that number is significantly lower than the roughly 4.9 million doses of J&J’s vaccine that were allocated to states on the week of April 5. This is according to data from the Centers for Disease Control and Prevention. In total, J&J has shipped about 11.2 million doses of its single-shot vaccine since it was authorized in February, including the 700,000 doses expected to go out the week of April 12. J&J confirmed on March 31 that a batch of its vaccines did not meet quality standards at a plant run by Emergent BioSolutions Inc.
EBS,
-1.57%,
its U.S. manufacturing partner. White House officials said Friday that they expect J&J to begin delivering 8 million doses per week by the end of April. J&J’s stock is up 3.5% so far this year, while the broader S&P 500
SPX,
+0.77%
has gained 8.5%.

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