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October 22, 2020

EU signs contract with J&J on Covid-19 vaccine candidate

The European Commission (EC) has signed a contract on behalf of European Union (EU) states with Johnson & Johnson (J&J) for the supply of 400 million doses of its Covid-19 vaccine candidate.

The European Commission (EC) has signed a contract on behalf of European Union (EU) states with Johnson & Johnson (J&J) for the supply of 400 million doses of its Covid-19 vaccine candidate.

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While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
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EC spokesperson Stefan de Keersmaecker was quoted by Xinhua as saying that the contract with J&J was the third one signed by the Commission on behalf of the whole EU.

The latest move comes after the EC approved an Advance Purchase Agreement in October with the company, which allows its Member States to purchase vaccines after approval.

Member States can also donate the vaccines to lower and middle-income countries or decide to re-direct it to other European countries.

Developed by J&J subsidiary, Janssen Pharmaceutical, the Covid-19 vaccine candidate is currently in Phase III clinical trials. 

On proving the safety and effectiveness of the vaccine, J&J plans to make available the first batch for emergency use authorisation early next year.

Keersmaecker added: “The commission will continue to put the finishing touches to agreements with other companies as well and determine to acquire a large and diversified portfolio of candidates for the vaccine.”

The Covid-19 vaccine leverages Janssen’s AdVac technology platform, also used in developing Ebola vaccine and the Zika, RSV and HIV vaccine candidates. 

The European Commission also signed a contract with AstraZeneca and Sanofi-GSK.

According to the World Health Organisation, a total of 44 vaccine candidates are in clinical trials across the globe as of 19 October. Vaccine candidates from China, the UK, Russia, the US, Belgium and Germany are currently in Phase III trial.

Additionally, 154 vaccine candidates are in preclinical trials.

Related Companies

Free Whitepaper
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What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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