Benzinga | Aug 5, 2021 12:35PM EDT

CVS Health Stops Administration Of JNJ COVID-19 Shot In Several Locations: CNBC

* Drugstore chain CVS Health Corporation (NYSE:CVS) is no longer offering Johnson & Johnson's (NYSE:JNJ) COVID-19 vaccine in many of its retail locations, the company told CNBC on Wednesday.

* According to CVS spokesman Mike DeAngelis, retail locations continue to offer either the Moderna Inc (NASDAQ:MRNA) or Pfizer Inc (NYSE:PFE) - BioNTech SE (NASDAQ:BNTX) vaccine.

* DeAngelis said the change was implemented "several weeks ago and helps us manage our vaccine supply across the chain, both in our pharmacies and clinics."

* He added that the Johnson & Johnson vaccine is still offered at almost 1,000 of its MinuteClinic locations in 25 states and Washington, D.C.

* The Johnson & Johnson vaccine was touted as a potential game-changer when it was initially authorized, being a single-dose shot, and can be stored at normal refrigerator temperatures.

* But the vaccine has been beset by production issues and concerns about its effectiveness against the delta variant.

* Price Action: CVS shares are down 2.4% at $79.63 during the market session on the last check Thursday.

* Photo by Johaehn from Pixabay