Johnson & Johnson Pulls Application For Accelerated Approval Of COVID-19 Shot In India: Report

• Johnson & Johnson (NYSE: JNJ) has withdrawn its application seeking accelerated approval of its COVID-19 vaccine, drugs regulator Drugs Controller General of India informed.

• It is yet to be clear the reason for the withdrawal of the application.

• JNJ had said in April that it was seeking approval to conduct a bridging clinical study of its Janssen COVID-19 vaccine candidate in India. Trials in the U.S. at that time were paused on reports of rare blood clots.

• The withdrawal comes as India tackles legal challenges with manufacturers over indemnity issues.

• Related: Pfizer Hits Deadlock With India Over Vaccine Indemnity Issue.

• Earlier, it was reported that obstacles in importing the doses delayed the availability of the JNJ COVID-19 vaccine.

• So far, four vaccines have been given Emergency Use Authorization (EUA) in India - AstraZeneca plc's (NASDAQ: AZN) Covishield, 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

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