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Low J&J Vaccine Demand Forces Production Halt At S.Africa’s Aspen Unit – $JNJ $DIA

By John F. Heerdink, Jr.

Reportedly, South Africa’s Aspen Pharmacare will stop making COVID-19 vaccines from the end of this month due to a lack of orders. Aspen currently produces vaccines for Johnson & Johnson.

In March, it struck a deal to produce, price, and sell its own-brand version of the shot for African markets. That deal was considered a game-changer for a continent with low vaccine rates. According to the African Centres for Disease Control and Prevention, only a fifth of adults in Africa are fully vaccinated, and demand for shots has failed to materialize.

“The thing here is that we don’t know if we will get further orders from J&J. But we are finishing off production of what we’ve got,” stated Stavros Nicolaou, group senior executive at Aspen.

Aspen has had no orders for its Aspenovax vaccine and has not received orders from Johnson & Johnson beyond August. Without new orders, Aspen would have to shut down all of its 450 million-dose annual production capacity, as per reports.

Dow 30 component Johnson & Johnson (JNJ) is a worldwide healthcare-focused company that embraces research and science so that it can provide customers with innovative ideas, products, and services. To learn more about Johnson & Johnson (JNJ) and to continue to track its progress visit the Vista Partners Johnson & Johnson Coverage Page.

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(Read Original Story: S.Africa's Aspen to halt COVID vaccine output as J&J orders dry up in Reuters)


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