J&J raises 2021 profit view, keeps vaccine sales outlook unchanged

Published by
Reuters

(Reuters) – Johnson & Johnson on Tuesday raised its annual adjusted profit forecast, but stuck to its COVID-19 vaccine sales target of $2.5 billion as it works its way through production challenges that have resulted in delays. The drugmaker had earlier this year faced quality problems at a Baltimore manufacturing facility that produces the single-dose vaccine, resulting in wastage of millions of doses. The vaccine has the lowest uptake in the United States at a time when rivals Moderna Inc and Pfizer sign up supply deals for booster doses in 2022 and beyond. The J&J shot, once touted an as im…

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