{"id":108475,"date":"2021-03-03T04:05:15","date_gmt":"2021-03-03T04:05:15","guid":{"rendered":"https:\/\/fin2me.com\/?p=108475"},"modified":"2021-03-03T04:05:15","modified_gmt":"2021-03-03T04:05:15","slug":"biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may\/","title":{"rendered":"Biden says will have enough COVID-19 vaccine for every U.S. adult by May"},"content":{"rendered":"

(Reuters) – The United States will have enough COVID-19 vaccine for every American adult by the end of May, President Joe Biden said on Tuesday after Merck & Co agreed to make rival Johnson & Johnson\u2019s inoculation.<\/p>\n

The partnership between drug makers, as well as other steps the government is taking to assist J&J, will allow the company to accelerate delivery of 100 million vaccine doses by around a month, according to the U.S. Department of Health and Human Services (HHS).<\/p>\n

\u201cOne of the things that I learned when I came into office was that Johnson & Johnson was behind in manufacturing and production,\u201d Biden said. \u201cIt simply wasn\u2019t coming fast enough. So my team has been hard at work to accelerate that effort.\u201d<\/p>\n

He said the U.S. government had invoked the Defense Production Act to help equip two Merck plants to make the J&J vaccine.<\/p>\n

Biden also said plants already making J&J\u2019s vaccine would step up their output, producing 24 hours a day, 7 days a week.<\/p>\n

Related Coverage<\/p>\n<\/p>\n

These actions will ultimately double J&J\u2019s U.S. ability to produce vaccines and increase its fill-finish capacity, where the product is put into vials and readied for shipping, HHS said.<\/p>\n

\u201cWe expect this manufacturing arrangement will enhance our production capacity so that we can supply beyond our current commitments,\u201d J&J said in a statement.<\/p>\n

Biden said he hoped that the United States would be \u201cback to normal\u201d at this time next year, potentially earlier.<\/p>\n

\u201cIt depends upon if people continue, continue to be smart and understand that we still can have significant losses,\u201d he said.<\/p>

FILE PHOTO: U.S. President Joe Biden speaks about the administration’s response to the coronavirus disease (COVID-19) pandemic at the White House in Washington, U.S., March 2, 2021. REUTERS\/Kevin Lamarque \u2002\u2002\u2002\u2002<\/figcaption>

Merck chief marketing officer Mike Nally said that his company was waiting on specialized equipment to begin producing the vaccine, but that the plant where it will finish J&J\u2019s vaccine and put it into vials could be operating within a few months.<\/p>\n

\u201cThat production capacity won\u2019t yield doses most likely until the second half of this year, towards the end of the year,\u201d Nally said in an interview, explaining that there is a longer lead time for the equipment needed to make the drug substance.<\/p>\n

Nally did not say how many doses Merck would be able to produce for J&J. He said Merck was using half the production capacity it would have used to make a billion doses of its own vaccines, but noted that every vaccine technology has distinctive production characteristics.<\/p>\n

An increased supply of the J&J vaccine sooner would speed the U.S. vaccination effort considerably, because you can inoculate twice as many people with the same number of shots. The other two U.S.-authorized vaccines produced by Pfizer Inc with partner BioNTech and Moderna Inc both require two shots a few weeks apart.<\/p>\n

Under its contract, J&J was supposed to deliver 12 million doses by the end of February, but had less than 4 million ready to ship when the vaccine was authorized on Saturday.<\/p>\n

It expects to be able to deliver another 16 million doses by the end of this month – still well short of its previous commitments – but will not ship any next week. The next shipments are waiting on regulatory approval of new manufacturing operations run by its partner, contract drugmaker Catalent Inc.<\/p>\n

Merck said on Tuesday it will also receive up to $268.8 million from the Biomedical Advanced Research and Development Authority (BARDA), a U.S. agency charged with developing drugs and vaccines. The funding is intended to help it to adapt and make available a number of its plants for COVID-19 vaccine and medicine production.<\/p>\n

The partnership is the latest example of large drugmakers working together to help produce COVID-19 vaccines to meet global demand. Swiss drugmaker Novartis signed an agreement in January to fill vials for the Pfizer\/BioNTech shot, while French drugmaker Sanofi SA will help fill and pack millions of doses of Pfizer\u2019s vaccine starting in July.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – The United States will have enough COVID-19 vaccine for every American adult by the end of May, President Joe Biden said on Tuesday […]<\/p>\n","protected":false},"author":3,"featured_media":108474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBiden says will have enough COVID-19 vaccine for every U.S. adult by May - Fin2me<\/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:\/\/fin2me.com\/markets\/biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden says will have enough COVID-19 vaccine for every U.S. adult by May - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – The United States will have enough COVID-19 vaccine for every American adult by the end of May, President Joe Biden said on Tuesday [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T04:05:15+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/03\/cnewsfotor84-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may\/\",\"url\":\"https:\/\/fin2me.com\/markets\/biden-says-will-have-enough-covid-19-vaccine-for-every-u-s-adult-by-may\/\",\"name\":\"Biden says will have enough COVID-19 vaccine for every U.S. adult by May - 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