FedEx Says Begins Shipping Newly Authorized Covid-19 Vaccine
March 01 2021 - 11:15AM
Dow Jones News
By Michael Dabaie
FedEx Corp.'s FedEx Express said it has begun shipping the newly
authorized Covid-19 vaccine on behalf of healthcare supply chain
management company McKesson Corp. to dosing centers throughout the
U.S.
The U.S. Food and Drug Administration on Saturday issued an
emergency use authorization for the Covid-19 vaccine from Johnson
& Johnson's Janssen. The EUA allows the Janssen Covid-19
Vaccine to be distributed in the U.S for use in individuals 18
years of age and older.
FedEx shares were up 3% to $261.52 in morning trading and
McKesson shares were up 3% to $173.73.
FedEx said Monday it has shipped millions of Covid-19 vaccines
since U.S. distribution began in mid-December 2020 and is prepared
to scale up to accommodate anticipated growth in vaccine volume
throughout the spring and summer.
FedEx Express will transport the new Covid-19 vaccines and kits
of supplies for administration of the vaccine using its FedEx
Priority Overnight service and FedEx Priority Alert monitoring.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 01, 2021 11:00 ET (16:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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