J&J reaches deal with U.S. for 100 million doses of coronavirus vaccine at more than $1 billion

Johnson & Johnson announced Wednesday that it will develop and deliver 100 million doses of its coronavirus vaccine for the U.S. in a deal totaling more than $1 billion. 

The company’s experimental vaccine is currently in early-stage human trials and is expected to begin late-stage human trials in September, executives have previously said. The deal gives the U.S. the option to order an additional 200 million doses, according to the announcement. 

“We are scaling up production in the U.S. and worldwide to deliver a SARS-CoV-2 vaccine for emergency use,” said Dr. Paul Stoffels, chief science officer at Johnson & Johnson, in a statement. 

The U.S. had previously awarded J&J $456 million to develop its vaccine earlier this year. J&J said its goal is to supply more than 1 billion doses globally through 2021. 

J&J is one of a handful of companies that have reached a deal with the U.S. to supply their potential coronavirus vaccine upon federal approval. The U.S. announced on Friday it will pay drugmaker Sanofi and GlaxoSmithKline up to $2.1 billion to develop and deliver 100 million doses of their potential coronavirus vaccine. 

The U.S. also said it will pay Pfizer and biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine if it proves safe and effective, the companies announced in late July. 

J&J’s vaccine candidate, Ad26.COV2.S, is using the same technology it used to make its experimental Ebola vaccine, which was provided to people in the Democratic Republic of Congo in late 2019. 

This is developing news. Please check back later for updates.