More than a million doses of Moderna Inc’s MRNA coronavirus vaccine have been taken out of circulation in Japan after reports of contamination emerged, Nikkei Asia reported Wednesday.
What Happened: Nearly 1.6 million doses were put out of use in Japan, as per the country’s Ministry of Health, Labor and Welfare, reported Nikkei Asia.
See Also: How To Buy Moderna (MRNA) Shares
Several vaccination centers reported the presence of foreign matter in the vaccine vials, the ministry said.
Moderna confirmed receiving complaints related to “particulate matter” distributed in Japan but said it found "no safety or efficacy issues,” as per Nikkei Asia.
The lot involved and two adjacent lots have been put on hold “out of an abundance of caution,” as per a Moderna spokesperson.
Why It Matters: The Moderna vaccine is distributed in Japan through the company’s partner Takeda Pharmaceutical Company Limited TAK.
Moderna is “investigating the reports and remains committed to working transparently and expeditiously with its partner, Takeda, and regulators to address any potential concerns,” a company spokesperson told Nikkei Asia.
The spokesperson attributed a “manufacturing issue” to a plant in Spain as the cause.
Moderna secured an emergency use authorization in Japan for its vaccine in May this year.
Last month it was reported that Japan was set to buy an additional 50 million doses of the Moderna vaccine.
In April, 15 million doses of Johnson & Johnson’s JNJ COVID-19 vaccine were ruined after the company found a problem with an ingredient used in vaccines produced at an Emergent Biosolutions Inc EBS plant in Baltimore, Maryland.
Price Action: On Wednesday, Moderna shares closed 0.74% higher at $397.87 in the regular session and fell nearly 0.5% in the after-hours trading.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.