{"id":14819,"date":"2022-04-19T18:22:37","date_gmt":"2022-04-19T13:22:37","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=14819"},"modified":"2022-04-19T18:22:40","modified_gmt":"2022-04-19T13:22:40","slug":"sales-projection-for-the-covid-vaccination-halted-by-johnson-johnson","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/19\/sales-projection-for-the-covid-vaccination-halted-by-johnson-johnson\/","title":{"rendered":"Sales projection for the Covid vaccination halted by Johnson & Johnson."},"content":{"rendered":"\n

During Johnson & Johnson’s quarterly earnings call on Tuesday, the company dropped sales expectations for the Covid-19 vaccine, citing a lack of demand compared to shots from Moderna and Pfizer.<\/p>\n\n\n\n

“Given the worldwide supply oversupply and uncertain demand, the Company is suspending COVID-19 Vaccine sales,” J&J stated in a statement, adding that the decision will have “no impact on adjusted operational earnings per share.”<\/p>\n\n\n\n

According to the company’s CEO, Joaquin Duato, the first quarter results “show excellent performance throughout the enterprise, despite macro-economic headwinds,” with reported sales minus Covid-19 vaccine sales up 3.8 to 4.8 percent over the same period last year.<\/p>\n\n\n\n

J&J’s shares was down 0.4 percent to $177 in electronic trading on Wall Street before of the New York Stock Exchange’s opening bell.<\/p>\n\n\n\n

The New York Times reported in February that Johnson & Johnson had temporarily halted production at a key plant that manufactures the Covid-19 vaccine, but that the company was still on track to meet its delivery commitments.<\/p>\n\n\n\n

J&J said at the time that sales of its Covid shot would be $3 billion to $3.5 billion in 2022, far less than Pfizer’s forecast of $32 billion for the same timeframe.<\/p>\n\n\n\n

On Thursday, a US government-appointed panel of medical specialists overwhelmingly endorsed Pfizer and Moderna’s mRNA Covid vaccinations over J&J’s shot.<\/p>\n\n\n\n

J&J’s vaccine was first hailed for its ability to be stored at room temperature.<\/p>\n","protected":false},"excerpt":{"rendered":"

During Johnson & Johnson’s quarterly earnings call on Tuesday, the company dropped sales expectations for<\/p>\n","protected":false},"author":10,"featured_media":14820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[215],"tags":[369],"class_list":["post-14819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-covid"],"yoast_head":"\nSales projection for the Covid vaccination halted by Johnson & Johnson.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/19\/sales-projection-for-the-covid-vaccination-halted-by-johnson-johnson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sales 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