JNJ - States will begin to feel J&J vaccine pinch with 86% decline in doses next week

Data from the Centers for Disease Control and Prevention indicates that beginning April 12, the federal government will distribute ~86% fewer doses of Johnson and Johnson's (JNJ) COVID-19 vaccine compared to the prior week.Just 700K J&J vaccine doses will go out next week compared to 4,947,500 this week.California is receiving 572,000 doses this week but is getting only 67,600 next week.The drastic reduction in dose availability is the result of a manufacturing mishap last month at an Emergent BioSolutions (EBS) facility that is contracted to produce the J&J vaccine that led to the loss of 15M doses.J&J shares are down a dime to $163.51 in afternoon trading.

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States will begin to feel J&J vaccine pinch with 86% decline in doses next week