Johnson & Johnson (JNJ.N) raised its 2021 revenue estimates on Wednesday and forecast it would sell $2.5 billion worth of its COVID-19 vaccine this year, as it strives to quell production and safety problems and catch up with rivals Pfizer and Moderna.
were cleared, its vaccine sales outlook still pales in comparison with its peers and reflects the widening gap in the global vaccine race.
The J&J vaccine, once touted as an important tool for vaccinations in hard-to-reach areas, has the least uptake in Europe among all the vaccines approved for use, and has also struggled in United States.J&J expects to produce 500 million to 600 million doses of the vaccine this year, Chief Financial Officer Joseph Wolk told CNBC on Wednesday.
Sales at the company's medical devices unit rose 62.7% to $6.98 billion, boosting its second-quarter numbers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johnson & Johnson COVID-19 vaccine may not perform as well against Delta variant, says studyThe study, which examined blood samples in a laboratory setting and has not yet been peer-reviewed, suggests that anyone who received the J&J vaccine may...
Read more »
Indiana University Can Require Covid-19 Vaccines, Federal Judge saysIndiana University can require its students to submit proof of Covid-19 vaccination before returning to campus this fall, a federal judge ruled
Read more »
Watch Olivia Rodrigo Interview Dr. Fauci About COVID-19 Vaccines: ExclusiveEXCLUSIVE: Olivia_Rodrigo went to the WhiteHouse to get the scoop on why young people should be getting vaccinated from the one and only DrFauci ✨ Watch the full interview ➡️
Read more »
Face Mask Requirements Returning As Covid-19 Coronavirus Cases RiseLos Angeles County re-instituted indoor face mask requirements on July 18, which happened to coincide with the last day of World Mask Week 2021.
Read more »
Harris tests negative for Covid-19 following meeting with Texas Democrats who tested positiveVice President Kamala Harris tested negative for Covid-19 following a meeting with Texas state House Democrats, several of whom later tested positive, White House press secretary Jen Psaki said Monday.
Read more »
Team USA basketball player admits getting sick from Covid-19 and will now miss Tokyo OlympicsAn unnamed US female gymnast has tested positive for Covid-19 days before the start of the Summer Games. Follow here for the latest news on the Summer Olympics.
Read more »