WASHINGTON, Oct 14 ― US pharmaceutical giant Johnson & Johnson sought yesterday to reassure investors after its stock slumped on an announcement that it was pausing a Covid-19 vaccine trial over a sick participant. The company is one of several working on a vaccine, but on Monday it announced...
Wednesday, 14 Oct 2020 07:28 AM MYT
WASHINGTON, Oct 14 ― US pharmaceutical giant Johnson & Johnson sought yesterday to reassure investors after its stock slumped on an announcement that it was pausing a Covid-19 vaccine trial over a sick participant. The announcement sent shares tumbling 2.3 per cent at the close of trading yesterday, even as the company reported healthy third-quarter results, with sales growing 1.7 per cent to US$21.08 billion .
“It's not at all unusual for unexpected illnesses in large studies over their duration. In some cases, serious adverse events... may have something or nothing to do with the drug or vaccine being investigated,” he said.
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