Virus Vaccine is One Step Closer

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 30 March 2020

⏱️ 18 minutes

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Summary

“This is a bit of a moonshot for J&J.” Chairman and CEO of Johnson & Johnson Alex Gorsky discusses its experimental vaccine for COVID-19 that will begin clinical trials by September, and could be available for emergency use authorization in early 2021. Former FDA Commissioner Dr. Scott Gottlieb says deaths in the U-S related to the virus would likely peak toward the end of April and suggests that life might start returning to normal after the middle of May.

Transcript

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0:00.0	This is Quackpot. I'm C. NBC producer Katie Kramer. On our podcast today, a possible breakthrough. Johnson and Johnson takes the first step toward a COVID-19 vaccine.
0:11.0	The company has now identified a so-called lead candidate with enough
0:14.7	potential to warrant clinical trials.
0:17.0	The company's CEO Alex Korski joins us.
0:21.0	We're working jointly with the government on this.
0:23.7	We'll be putting more than a billion dollars
0:25.8	worth of investment, both in terms of the research and development.
0:29.5	And former head of the FDA,
0:30.9	Dr Scott Gottlieb strikes a hopeful tone. I think in July
0:34.2	in all this we'll be getting back to our lives. It's Monday March 30th 2020
0:38.9	squawkpot begins right now. Good morning everybody I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
0:47.0	It's Monday and this week starts, well, much like the last one.
0:51.0	Coronavirus cases around the world continue to climb.
0:55.0	Data compiled by Johns Hopkins University shows over 700,000 coronavirus cases have been confirmed globally.
1:02.0	The US overtook Italy and China last week as the
1:04.5	country with the most cases with nearly half of all US cases in New York.
1:09.2	President Trump on Sunday extended the national social distancing guideline to April 30th
1:14.0	after suggesting the death rate could peak in two weeks.
1:17.5	This was a reversal for the president who initially said he hoped the country could
1:21.0	reopen for business by Easter just about two weeks away.
1:25.0	Trump said the administration is now working to keep the projected death toll below 100,000.
1:30.4	Becky Quick spoke with former FDA head and Squawk Box regular Dr. Scott Gottlie.
	...

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