Spanish pharma company Reig Jofre said on Tuesday it had struck a deal with US Johnson & Johnson to manufacture the Covid-19 vaccine in Barcelona.
J&Js will transfer the technology needed to make the Covid-10 vaccine in Spain and production will begin once the shot receives regulatory approval.
Under the terms of the agreement, Reig Jofre said it will be responsible for the formulation, filling and packaging of the vaccine, while Janssen will handle distribution.
Shares in the Spanish group surged 17% in early trade to €4.41 a share as result of the news.
Reig Jofre said last month it would be able to produce 50m doses a year.
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