Why Johnson & Johnson Fell Today Despite Excellent Coronavirus Vaccine News | The Motley Fool

Why Johnson & Johnson Fell Today Despite Excellent Coronavirus Vaccine News | The Motley Fool
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What happened

Johnson & Johnson (NYSE:JNJ) closed 3.6% lower on Friday. A downward move is exactly the opposite of what you’d expect to happen when a coronavirus vaccine developer announces positive clinical trial results, as the company did that morning.

So what

Data indicated that Johnson & Johnson’s candidate met all of the primary and key secondary endpoints in its phase 3 clinical trial. In the sprawling global study, the vaccine’s overall efficacy was 66% in blocking moderate to severe COVID-19. It was 85% effective in preventing severe forms of the disease.

A child getting a vaccine jab from a medical professional.

Image source: Getty Images.

Better yet, the vaccine’s “efficacy against severe disease increased over time, with no cases in vaccinated participants reported after day 49,” as the…



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