Johnson & Johnson Working On Next-Generation Vaccine Against Variants

Johnson & Johnson
Alexander Tolstykh / Shutterstock.com

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

Johnson & Johnson said it was working on next-generation COVID-19 vaccines against the various variants of the coronavirus, according to Reuters.

“We could be in a situation where you could either need a booster to maintain the durability (of protection against the virus) or you might need to have a next derivative of the current vaccine to address these variants as they develop,” Johnson and Johnson CEO Alex Gorsky said at a webinar by the Economic Club of New York this week, per Reuters.

See: Moderna Starts COVID Vaccine Trial in Children, Stock SoarsFind: Should You Invest In Vaccine Stocks Right Now?

The Food and Drug Administration granted Johnson & Johnson an emergency use authorization (EUA) in February. Johnson & Johnson’s candidate, the Janssen Biotech Inc. COVID-19 vaccine, is the third vaccine being granted an EUA and the first one requiring only one dose, facilitating and accelerating distribution amidst a rollout that has been less than seamless.

Data the company released shows that its vaccine candidate is 66% effective globally and 72% effective in the U.S. at preventing moderate-to-severe COVID-19 cases, according to FDA data. In comparison, the Moderna vaccine has a 94.1% efficacy rate, while the Pfizer vaccine has a 95% efficacy rate, according to the Centers for Disease Control and Prevention.

See: Who Is Getting Vaccines? Survey Notes Income Disparity in Vaccine RecipientsFind: IBM and Moderna Say Their New COVID Passport Is Your Ticket to Normal Life — Others Call It a Hacker’s Paradise

It’s important to note, however, that the Moderna and Pfizer trials were conducted before the emergence of different strains, such as the strain found in South Africa. Meanwhile, Johnson & Johnson’s trial was conducted in South Africa, which may have lowered the overall efficacy rate, according to The Wall Street Journal.

Today's Top Offers

Earlier this month, President Biden announced the “type of collaboration between companies we saw in World War II,” as Merck will help Johnson & Johnson produce its COVID-19 vaccine, bringing the country “on track to have enough vaccine supply for every adult in America by the end of May.”

“And with the urging and assistance of my administration, Johnson & Johnson is also taking additional new actions to safely accelerate vaccine production. Johnson & Johnson’s vaccine manufacturing facilities will now begin to operate 24/7,” Biden said in a briefing at the time.

More From GOBankingRates

BEFORE YOU GO

See Today's Best
Banking Offers

Looks like you're using an adblocker

Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.

  • AdBlock / uBlock / Brave
    1. Click the ad blocker extension icon to the right of the address bar
    2. Disable on this site
    3. Refresh the page
  • Firefox / Edge / DuckDuckGo
    1. Click on the icon to the left of the address bar
    2. Disable Tracking Protection
    3. Refresh the page
  • Ghostery
    1. Click the blue ghost icon to the right of the address bar
    2. Disable Ad-Blocking, Anti-Tracking, and Never-Consent
    3. Refresh the page