Johnson & Johnson Under Pressure As FDA Calls For Pause On COVID Vaccine

Shares of Johnson & Johnson (JNJ) are under pressure on Tuesday after the Food and Drug Administration and the Centers for Disease Control and Prevention recommended a pause in the use of the company's COVID-19 vaccine following blood clotting cases. On the flip side, competitor Moderna's (MRNA) shares are on the rise, with the company saying that the totality of the available safety data for its COVID vaccine "does not suggest an association with cerebral venus sinus thrombosis or thrombotic events".

PAUSE ON J&J COVID VACCINE: In a joint statement, CDC and FDA said that "As of April 12, more than 6.8 million doses of the Johnson & Johnson vaccine have been administered in the U.S. CDC and FDA are reviewing data involving six reported U.S. cases of a rare and severe type of blood clot in individuals after receiving the J&J vaccine. In these cases, a type of blood clot called cerebral venous sinus thrombosis was seen in combination with low levels of blood platelets. All six cases occurred among women between the ages of 18 and 48, and symptoms occurred 6 to 13 days after vaccination. Treatment of this specific type of blood clot is different from the treatment that might typically be administered. Usually, an anticoagulant drug called heparin is used to treat blood clots. In this setting, administration of heparin may be dangerous, and alternative treatments need to be given. CDC will convene a meeting of the Advisory Committee on Immunization Practices on Wednesday to further review these cases and assess their potential significance. FDA will review that analysis as it also investigates these cases. Until that process is complete, we are recommending a pause in the use of this vaccine out of an abundance of caution. This is important, in part, to ensure that the health care provider community is aware of the potential for these adverse events and can plan for proper recognition and management due to the unique treatment required with this type of blood clot."

1 2 3
View single page >> |

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.