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J&J, Hopeful On COVID-19 Vaccine Outlook, Looks To Restore Public Confidence

 
• By Jessica Merrill

The company recorded $100m in revenues from the vaccine in the first quarter, before administration was paused in the US and Europe to review a rare risk of blood clots.

Janssen vaccine
J&J recorded $100m in COVID-19 vaccine sales in the first quarter • Source: Alamy (Markus Mainka / Alamy Stock Phot/Alamy Stock Photo)

Johnson & Johnson remains optimistic about the outlook for its COVID-19 vaccine, despite the identification of a rare risk of blood clots. Management told the company's first quarter sales and earnings call on 20 April that it will work to restore public confidence in the vaccine if and when it is returned to the market following ongoing safety reviews in the US and Europe.

"It's an extremely rare event," chief scientific officer Paul Stoffels said

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