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J&J expects up to $3.5 billion in COVID vaccine sales this year -Breaking

by Mike Robinson

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© Reuters. People pose with syringe with needle in front of displayed Johnson & Johnson logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) -Johnson & Johnson on Tuesday forecast $3 billion-$3.5 billion in revenue for its COVID-19 vaccine this year, compared to $2.39 billion it generated in 2021, even as the drugmaker faces manufacturing issues and uneven demand for the shot.

The single-dose J&J (NYSE:) shot, once touted as an important tool for vaccinating people living in hard-to-reach areas, has been behind its schedule for deliveries in the United States and Europe.

A Baltimore-based manufacturing facility had quality problems that led to the loss of many millions of dosages.

This forecast is coming at a moment when the company plans to seperate its consumer health division and concentrate on its pharmaceuticals and medical device businesses.

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