Is It Too Late to Buy Johnson & Johnson Stock?
Blue-chip pharmaceutical company Johnson & Johnson (NYSE: Johnson & Johnson) has seen its share of successes over the past 12 months. From developing a COVID-19 vaccine to bolstering a pipeline of new and exciting products, the future looks bright for the company. Here's why you might not be too late in buying the stock.
Johnson & Johnson responded swiftly to develop a COVID-19 vaccine, as did Pfizer, BioNTech SE, and Moderna. As of April 12, more than 6.8 million doses of the Johnson & Johnson (Janssen) vaccine had been administered in the U.S.
After six reported U.S. cases of a rare and severe type of blood clot in individuals after receiving the Johnson & Johnson vaccine, the Centers for Disease Control (CDC) and U.S. Food and Drug Administration (FDA) began reviewing the data. For context, the six cases represent 0.000088% of the total 6.8 million who were vaccinated as of April. Nevertheless, the CDC and the FDA paused both the distribution and administration of the vaccine until the CDC could do an extensive review and report its findings.
Source Fool.com
