CVS Health Stops Administration Of JNJ COVID-19 Shot In Several Locations: CNBC

Vandana Singh

Thu, Aug 5, 2021, 12:35 PM1 min read

In this article:

Drugstore chain CVS Health Corporation (NYSE: CVS) is no longer offering Johnson & Johnson's (NYSE: JNJ) COVID-19 vaccine in many of its retail locations, the company told CNBC on Wednesday.
According to CVS spokesman Mike DeAngelis, retail locations continue to offer either the Moderna Inc (NASDAQ: MRNA) or Pfizer Inc (NYSE: PFE) - BioNTech SE (NASDAQ: BNTX) vaccine.
DeAngelis said the change was implemented "several weeks ago and helps us manage our vaccine supply across the chain, both in our pharmacies and clinics."
He added that the Johnson & Johnson vaccine is still offered at almost 1,000 of its MinuteClinic locations in 25 states and Washington, D.C.
The Johnson & Johnson vaccine was touted as a potential game-changer when it was initially authorized, being a single-dose shot, and can be stored at normal refrigerator temperatures.
But the vaccine has been beset by production issues and concerns about its effectiveness against the delta variant.
Price Action: CVS shares are down 2.4% at $79.63 during the market session on the last check Thursday.
Photo by Johaehn from Pixabay

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CVS Health Stops Administration Of JNJ COVID-19 Shot In Several Locations: CNBC

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