Fauci Says J&J Trial Speed Risk to Investors, Not Speed - TheStreet

Dr. Fauci On J&J Vaccine Candidate: Moving Quickly Isn't at Expense of Safety

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Johnson & Johnson  (JNJ) - Get Report announced that it will begin its early human trial for a potential vaccine in the second half of July.

On Wednesday, the company released a statement saying that if the vaccine is found to be safe and effective, Johnson & Johnson would supply more than one billion doses globally through 2021.

Watch: Dr. Fauci Hopes for Moderna Vaccine Trial Results in 'Few Months' 

"...we are continuing our efforts to build important global partnerships and invest in our vaccine production technology and manufacturing capabilities," said Paul Stoffels, Vice Chairman of the Executive Committee and Chief Scientific Officer at Johnson & Johnson. "Our goal is to ensure we can deliver a vaccine to the world and protect people everywhere from this pandemic."

Watch: Fauci: Air Conditioning Is an 'Unknown' in Spread of COVID-19

"The company is in discussions with the National Institutes of Allergy and Infectious Diseases with the objective to start the Phase 3 SARS-CoV-2 vaccine, Ad26.COV2-S, recombinant, clinical trial ahead of its original schedule, pending the outcome of Phase 1 studies and approval of regulators," the statement reads.

Dr. Anthony Fauci sat down with TheStreet to talk about the coronavirus pandemic and Johnson & Johnson moving up the human trials of its COVID-19 vaccine candidate.

Watch: Dr. Fauci on Regeneron: You Can't Make Statement Until Trial Results 

"Obviously, it's good news when you can move things along. One of the things that I believe we need to stress, particularly to the general public, that when we're moving along quickly, we're not doing it at all, at the expense of safety. That's always a major concern. Nor is it at the expense of scientific integrity. It's just that people are doing things, what we call, at risk. They're making steps. The risk is to the financial investment. The risk is not to the safety or to the scientific integrity of the study," Fauci told TheStreet.

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