Johnson & Johnson Pulls Application For Accelerated Approval Of COVID-19 Shot In India: Report
Johnson & Johnson (NYSE: JNJ) has withdrawn its accelerated approval application for its COVID-19 vaccine, the Indian Drug Controller General of India said.
The reason for the withdrawal of the application is still unclear.
JNJ announced in April that it would seek approval to conduct a bridging clinical trial of its Janssen COVID-19 vaccine candidate in India. Studies in the United States were suspended at the time due to reports of rare blood clots.
The withdrawal comes as India addresses legal challenges with manufacturers regarding liability issues.
Related: Pfizer reaches an impasse with India over vaccine compensation issue.
Previously, it was reported that obstacles in importing the cans delayed the availability of the JNJ COVID-19 vaccine.
So far, four vaccines have received Emergency Authorization (EUA) in India - Covishield from AstraZeneca plc (NASDAQ: AZN), Indigenous Covaxin, Sputnik V from Russia, and Moderna Inc (NASDAQ: MRNA).
Price Action: JNJ shares closed at $ 172.20 on Friday.
Photo by Johaehn from Pixabay
See more from Benzinga
Click here for Benzinga option trades
AstraZeneca's Saphnelo Receives FDA Nod for Systemic Lupus Erythematosus, marking approval of a new treatment in 10 years
US House of Representatives asks JNJ for documents regarding bankruptcy plan for talc liabilities
© 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
You should check here to buy the best price guaranteed products.
Sarr reclaims Watford lead against Norwich City
New era of “CBS Saturday Morning”
Anti-vaxx mother and daughter contracted COVID-19 and died 2 weeks apart on the same hospital ward
Darius Rucker Opens Up About Ex Kate Quigley's Suspected Overdose: 'She's Doing Great'
Sarah Palin Says She’s Not Vaccinated Because She Believes ‘In Science’
Israel reportedly used a remote-controlled gun to assassinate an Iranian scientist