Jim Cramer on how J&J's stock has performed in relation to vaccine news

Описание: A key Food and Drug Administration advisory panel will review and vote on Johnson & Johnson’s single-shot Covid-19 vaccine on Friday, potentially paving the way for an emergency use authorization in the coming days. CNBC's Jim Cramer and David Faber discuss. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

A key Food and Drug Administration advisory panel is scheduled to vote Friday on whether to recommend approval of Johnson & Johnson’s Covid-19 vaccine for emergency use, which would help pave the way to distribute a third preventive treatment in the U.S.

A favorable vote from the Vaccines and Related Biological Products Advisory Committee will likely clear the path for the U.S. agency to approve J&J’s vaccine for emergency use. The committee plays a central role in approving vaccines in the U.S., verifying the shots are safe for public use. While the FDA doesn’t have to follow the committee’s recommendation, it often does.

During similar requests by Pfizer and Moderna, the FDA authorized those companies’ vaccinations a day after the committee of outside medical advisors backed emergency use authorization. If J&J’s follows the pattern, a third vaccine could be authorized on Saturday.

Public health officials say the U.S. will need an array of drugs and vaccines to bring an end to the pandemic, which has infected more than 28.3 million Americans and killed at least 505,899 as of Thursday, according to data compiled by Johns Hopkins University. Unlike Pfizer’s and Moderna’s vaccines, which require two doses given three to four weeks apart, J&J’s requires only one dose, easing logistics for health-care providers. J&J’s vaccine can also be stored at refrigerator temperatures for months, unlike the two other vaccines.

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