Johnson & Johnson Covid-19 Vaccine Trial Halted

October 13, 2020 10:30

Pharmaceutical and consumer products giant Johnson & Johnson announced it was temporarily halting its Covid-19 vaccine trial after a participant developed an unexplained illness. Global stock markets fell on the news as this is now the second time a coronavirus vaccine front-runner has paused a trial.

Concerns are mounting that the 'race' for a vaccine has compromised safety and due diligence standards. Trial processes which usually take years to complete are being compressed into just a few months as companies race to be the first provider of a Covid-19 vaccine. It was only last month that AstraZeneca temporarily stopped its coronavirus vaccine trial after a participant fell ill.

Currently, there are still a variety of different trials taking place all over the world. They include:

  • Pfizer
  • Moderna
  • AstraZeneca

These are all in late-stage trials. Pfizer has already stated they could have something as soon as this month. This may mitigate any weakness the stock market presents on any obstacles towards a vaccine.

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  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
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Source: Admiral Markets MetaTrader 5 Web, DJI30, Monthly - Data range: Oct 1, 2006, to Oct 13, 2020, performed on October 13, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results.

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