Under a deal brokered by President Biden’s administration, Merck & Co., Inc. will manufacture Johnson & Johnson’s newly authorized COVID-19 vaccine as well as other vaccines and therapeutics against the virus. The investment comes at a time Merck, a longtime leader in the vaccine space, was already intending to make capital investments in its vaccine manufacturing network.
The US Biomedical Advanced Research and Development Authority (BARDA) invoked the Defense Production Act to provide up to $268.8m, including an initial investment of $105m, so that Merck & Co
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