Johnson & Johnson To Discontinue Phase 2 Field Study Evaluating Investigational Antiviral For Prevention Of Dengue; Decision To Discontinue Study Part Of A Strategic Reprioritization Of Company's Communicable Diseases R&D Portfolio; No Safety Issues Identified To Date In Phase 2 Field Study
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has decided to discontinue its Phase 2 field study on an investigational antiviral for dengue prevention. This decision is part of a strategic reprioritization of the company's communicable diseases R&D portfolio. No safety issues have been identified in the study so far.
October 04, 2024 | 1:04 pm
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Johnson & Johnson is discontinuing its Phase 2 study on a dengue antiviral, citing strategic reprioritization. No safety issues were found, indicating a shift in focus rather than a response to negative results.
The decision to discontinue the study is part of a strategic shift rather than due to safety concerns, suggesting a neutral impact on JNJ's stock. The move indicates a reallocation of resources within their R&D portfolio.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 90