Johnson & Johnson CFO: COVID vaccine 'on track' after blood clot scare

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Pharmaceutical giant Johnson and Johnson (JNJ), which saw distribution of its COVID-19 vaccine temporarily halted due to isolated health concerns, is on track to "have the pause remedied," a top executive told Yahoo Finance on Tuesday.

The FDA paused vaccinations using the J&J vaccine last week, after 6 women developed rare blood clots. More than seven million Americans have received the J&J vaccine, but Anthony Fauci, the government's top medical advisor, has suggested in recent days that the shot would likely return soon, albeit with some limits.

"Safety is the utmost importance for all of our products not just the vaccine but for any product we issue in our segments," J&J CFO Joe Wolk told Yahoo Finance Live in an interview. "Here the process worked," Wolk said, speaking about the inoculation halt.

"We identified a situation that gave us reason for a concern. We brought that to the regulators in the FDA here in the U.S. as well as those in Europe," he added.

Wolk pointed out that the South African government has lifted its pause permitting the J&J vaccine to be used once again. Meanwhile, Fauci expects US regulators to make a decision by Friday on the J&J vaccine.

"Our vaccine has probably the most robust data package around some of these newer variants and so we feel very confident and are hopeful that the benefit risk profile of this product will continue to be a solution to help fight the global pandemic," Wolk told Yahoo Finance.

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