Johnson & Johnson Is Already Ramping Up Production On Its $1 Billion Coronavirus Vaccine
March 31, 2020 at 9:10 AM - Views: 87 #295546NJCherParticipant
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On Monday, Forbes revealed Johnson & Johnson subsidiary Janssen Pharmaceutical was handed $450 million to work on a preventative treatment for COVID-19. Later, the pharma giant confirmed the coronavirus vaccine could roll out to the public by early 2021.
Now the company’s chief scientist says it will also spend $500 million as part of a $1 billion partnership with the U.S. government to research and produce a vaccine. And Paul Stoffels, chief scientific officer at Johnson & Johnson, says it will start manufacturing this month before the vaccine has gone through clinical trials or been approved by the FDA. That’s in order to get large quantities of the vaccine ready to go to market early next year, if it’s given the green light by regulatory agencies, Stoffels tellsForbes.
And he tells Forbes the company doesn’t expect to turn a profit from any COVID-19 vaccine.
“We have from the beginning decided we are going to do this not for profit so that the vaccine becomes affordable and available on a global scale as quickly as possible,” says Stoffels. Stoffels says Johnson and Johnson has to collaborate rather than compete in order to tackle COVID-19, though it hasn’t yet disclosed any partnerships other than its work with the federal government and the Beth Israel Deaconess Medical Center on vaccine research. “That’s the best way to go extremely fast, make it available on a large scale and make sure we get this thing under control…It’s not about competition. There have to be more trains on the rails to success here than just one vaccine.”
More at link, including how both this approach works and another by a different company.
March 31, 2020 at 9:14 AM #295547ThouArtThatParticipant
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All I have to say is $ 1,000,000,000 is a lot of money.
I don’t trust the supposed good will reflected in this report.
Not for profit – “my ass.”
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March 31, 2020 at 9:54 AM #295556NV WinoModerator
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March 31, 2020 at 10:21 AM #295562
March 31, 2020 at 5:22 PM #295622EnthusiastParticipant
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I am encouraged to hear this.
I would like to remind you that U.S. health insurance companies do not contribute anything to health care. They are only a PARASITIC middle man receiving an undeserved cut of "FREE MONEY".
March 31, 2020 at 7:56 PM #295681retired liberalParticipant
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There is a profit motive and/or a long term patient in the works somewhere. Who’s gonna be the guinea pigs?
We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.
If you are wrong, it will be because you are not cynical enough.
Both major political parties are special interest groups enabling each other for power and money, at the expense of the people they no longer properly serve…
Always wear a proper mask when out and about. The life you save could be both yours and mine.
March 31, 2020 at 9:03 PM #295703L S LarryParticipant
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Maybe they are hoping this gesture will make some of the talc lawsuits go away.
March 31, 2020 at 9:40 PM #295717Nick XylasParticipant
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No, I don’t think their motives are purely altruistic, but they don’t have to be. They will benefit from the good PR, not to mention the endless stories from the M$M and corporate politicians about how the “free market” works, and this proves we don’t need socialism etc.
“The United States is also a one-party state but, with typical American extravagance, they have two of them.” -Julius Nyerere
March 31, 2020 at 9:57 PM #295722game meatParticipant
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“We have from the beginning decided we are going to do this not for profit so that the vaccine becomes affordable and available on a global scale as quickly as possible,”
Public relations chooses their words carefully. There’s more than a little subjectivity in how one defines “affordable.” Affordable? According to and relative to whom?
Infected elites should be the guinea pigs, imo. Inject Boris Johnson with whatever this is, and then if he lives, we take things from there.
April 1, 2020 at 1:21 AM #295790ProgRockinProgParticipant
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Their interpretation of “not for profit” may be more like, this one time we will try and not gouge sick Americans, and only make a tidy profit for our shareholders, CEO’s bonuses, and an open-ended slush fund for re-investments in “research”. But, yeah, after all THAT, we promise not to take a dime. Also, nothing about selling to other countries. And what they will charge other countries, most dealing with governments, BECAUSE EVERY OTHER COUNTRY HAS SOCIALIZED MEDICARE.
April 1, 2020 at 7:13 AM #295977Two way streetParticipant
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2020-2024 Campaign Season: We the People are in the fight for our lives and livelihoods.
April 1, 2020 at 6:42 PM #296106
April 2, 2020 at 6:58 PM #296672nterventionLXXiParticipant
- Total Posts: 6
is completely ignoring the remedies being employed by Cuba (Interferon Alpha2b) and China presently (not a year from now) because those preventative measures can’t be patented and price-gouged by Johnson and Johnson or some other large pharma giant.
The US government is more than willing to withhold any type of vaccine to prolong the misery they’ve needlessly inflicted on the American population. Instead of closing everything down and destroying so many jobs and businesses, they could’ve mandated the wearing of face masks in public and dropped the “social distancing” crap. They’ve put a lot of people in the poor house for a virus that is turning out to be not quite as lethal as the flu.
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