Johnson & Johnson Shares Tumble After Reporting Vaccine Effectiveness
Johnson & Johnson, the biggest pharmaceutical company in the world, has just released the first round of results from its Phase 3 COVID-19 vaccine trials, and they are disappointing.
… The results are just the latest reminder that the fantastic results promised by Dr. Anthony Fauci and former FDA chief Dr. Scott Gottlieb (aka CNBC’s go-to COVID expert) far outstrip the reality. The two experts both touted the Johnson & Johnson vaccine as almost guaranteed to be one of the safest and most effective vaccines. But it’s not the first time they were wrong. Dr. Fauci touted the results earlier this week…
But, but, Luke O’Neill just tweeted that the results are really great! I is confused now…
Theres absolutely zero chance of Dr O’Neill holding shares in Johnson and Johnson
Disclaimer: I have a vested interest here.
J&J vaccine trial had no hospital admissions or deaths among participants that did catch it, coupled with only needing one shot means that once the pandemic is officially over the price will change to reflect commercial realities and it will likely be the ‘workhorse’ vaccine for many years.