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Novavax Inc - NVAX STOCK NEWS

Welcome to our dedicated page for Novavax news (Ticker: NVAX), a resource for investors and traders seeking the latest updates and insights on Novavax stock.

Novavax Inc. (Nasdaq: NVAX) is a clinical-stage biotechnology company dedicated to developing vaccines to prevent infectious diseases. Based in Gaithersburg, Maryland, with facilities in Rockville, Maryland, and Uppsala, Sweden, Novavax employs over 300 professionals focused on innovation in vaccine development.

Novavax leverages its proprietary recombinant nanoparticle technology and Matrix-M™ adjuvant to create vaccines that stimulate strong immune responses. The company's product pipeline includes vaccine candidates for respiratory syncytial virus (RSV), seasonal influenza, pandemic influenza, and Ebola virus. Additionally, their pipeline includes preclinical programs targeting various infectious diseases.

Recently, Novavax has made significant strides in COVID-19 vaccine development. The company announced that its Nuvaxovid™ XBB.1.5 COVID-19 Vaccine (NVX-CoV2601) received Emergency Use Listing (EUL) from the World Health Organization (WHO). This listing expedites the regulatory approval process, enabling broader global distribution. The vaccine is also authorized in the U.S. and the European Union and is under review in other markets.

Novavax's updated COVID-19 vaccine can be stored at temperatures between 2 to 8 degrees Celsius and has a 12-month shelf life, simplifying logistics and reducing waste. This vaccine has shown efficacy against multiple variants, including BA.2.86, EG.5.1, and XBB.1.16.6.

In addition to their COVID-19 efforts, Novavax has entered a co-exclusive licensing agreement with Sanofi to enhance the distribution of their standalone adjuvanted COVID-19 vaccine and develop combination vaccines. This partnership highlights the company's commitment to leveraging its technology to address global health challenges.

Financially, Novavax has shown a strong performance with updated financial guidance for 2024. With over $1 billion in potential contract value for advance purchase agreements, Novavax is well-positioned to deliver on its commitments while focusing on expanding its product portfolio.

Overall, Novavax Inc. represents a significant player in the biotechnology sector, continuously pushing the boundaries of vaccine development to address pressing global health issues.

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Novavax achieved $704 million in revenue and $203 million in net income for Q1 2022, marking its first profitable quarter as a commercial-stage company. The company reiterated its full-year revenue guidance of $4 to $5 billion. Key developments included ongoing label expansions for Nuvaxovid™, EUA submissions to the FDA, and positive Phase 1/2 results for its COVID-19-Influenza Combination vaccine. Novavax continues to expand its global footprint, with new authorizations across several countries.

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Novavax, a biotechnology company based in Gaithersburg, Maryland, will participate in the BofA Securities 2022 Healthcare Conference on May 11, 2022. The company's COVID-19 vaccine candidate, NVX-CoV2373, will be discussed during the fireside chat scheduled from 5:20 - 5:50 p.m. PDT. Executives Gregory M. Glenn and John J. Trizzino will represent Novavax. A replay of the session will be available on the company’s website for 90 days following the event. Novavax continues to develop innovative vaccines for serious infectious diseases and has received conditional authorization for NVX-CoV2373 globally.

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Novavax, Inc. (Nasdaq: NVAX) will report its first quarter 2022 financial results and operational highlights on May 9, 2022, at 4:30 p.m. EDT. A conference call will allow participants to discuss the results and ask questions. The earnings call can be accessed via dial-in or webcast. Additionally, a replay will be available shortly after the call until May 16, 2022. Novavax is recognized for its COVID-19 vaccine, which has received multiple global authorizations and is under review by various regulatory agencies. The company is also evaluating a COVID-influenza combination vaccine.

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Novavax's NVX-CoV2373 COVID-19 Vaccine is set for review by the FDA's VRBPAC on June 7, 2022. This landmark review marks NVX-CoV2373 as the first protein-based COVID-19 vaccine to undergo evaluation in the U.S. The vaccine demonstrated 90.4% efficacy in a Phase 3 trial involving 29,960 participants. Notably, it has not yet received U.S. authorization, although it has conditional approvals in other regions. Novavax continues to collaborate with international partners for manufacturing and distribution, emphasizing the urgent need for diverse vaccine options amid ongoing pandemic challenges.

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Novavax has initiated the administration of booster doses of NVX-CoV2373, its COVID-19 vaccine, in the pediatric expansion of the PREVENT-19 Phase 3 trial for participants aged 12 to 17. This trial aims to evaluate the safety and immunogenicity of a third dose, with initial results expected in the second half of 2022. The booster dose mirrors the previous two-dose regimen and will be given at least five months after the second dose. While Novavax emphasizes the ongoing need for alternative vaccine options, NVX-CoV2373 has yet to receive U.S. FDA authorization.

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Novavax has announced initial data from its Phase 1/2 trial for a COVID-19-Influenza combination vaccine, demonstrating that the candidate is well-tolerated and immunogenic. The study involved 642 healthy adults aged 50-70 and showed that immune responses were comparable to stand-alone vaccines. This combination vaccine could potentially reduce antigen amounts by 50%, optimizing production. While data support further advancement to a Phase 2 trial, neither the COVID-19 vaccine NVX-CoV2373 nor the influenza candidate have received FDA authorization in the U.S.

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Novavax announced that its COVID-19 vaccine, Nuvaxovid, received approval from Japan's Ministry of Health for use in adults aged 18 and older, marking it as the first protein-based COVID-19 vaccine authorized in the country. The approval includes both primary and booster vaccinations. This milestone was achieved through positive results from Takeda's Phase 1/2 study in Japan and Novavax's pivotal Phase 3 trials in the U.K., U.S., and Mexico. Takeda will handle the manufacturing and distribution of the vaccine in Japan.

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On April 18, 2022, Novavax (Nasdaq: NVAX) announced its participation in the World Vaccine Congress and the 32nd European Congress of Clinical Microbiology & Infectious Diseases. The company will showcase new data on its COVID-19 influenza combination vaccine and NVX-CoV2373. Presentations will cover updates on vaccine safety, efficacy, and clinical trials, indicating their commitment to addressing COVID-19 and flu. Key sessions include ‘How long will our immunity against COVID-19 last?’ and ‘Clinical Update on Novavax's Recombinant Nanoparticle Protein Subunit COVID-19 Vaccine as a Booster.’

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Novavax has received conditional marketing authorization from Swissmedic for its COVID-19 vaccine, Nuvaxovid™, making it the first protein-based COVID-19 vaccine authorized in Switzerland. This authorization is based on substantial clinical trial data, including two pivotal Phase 3 studies with nearly 45,000 participants, demonstrating strong efficacy and a reassuring safety profile. Novavax will supply up to six million doses to Switzerland. The vaccine is designed to prevent COVID-19 in individuals aged 18 and older and utilizes Novavax's proprietary technology, which aims to enhance immune response.

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Novavax (Nasdaq: NVAX) announced that the Thailand Food and Drug Administration granted Emergency Use Authorization (EUA) for its COVID-19 vaccine, NVX-CoV2373, in individuals aged 18 and older. The vaccine, manufactured by Serum Institute of India under the brand name Covovax™, demonstrated efficacy of 90.4% in the U.S. and Mexico trials and 89.7% in the U.K. trial. These trials indicated a favorable safety profile. Covovax™ is also authorized in several countries and the company aims to provide additional vaccination options to combat COVID-19.

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FAQ

What is the current stock price of Novavax (NVAX)?

The current stock price of Novavax (NVAX) is $8.53 as of January 16, 2025.

What is the market cap of Novavax (NVAX)?

The market cap of Novavax (NVAX) is approximately 1.4B.

What is Novavax Inc. known for?

Novavax Inc. is known for developing innovative vaccines to prevent a broad range of infectious diseases using its proprietary recombinant nanoparticle technology and Matrix-M™ adjuvant.

Where is Novavax Inc. headquartered?

Novavax Inc. is headquartered in Gaithersburg, Maryland, with additional facilities in Rockville, Maryland, and Uppsala, Sweden.

What recent achievements has Novavax made?

Recently, Novavax's Nuvaxovid™ XBB.1.5 COVID-19 Vaccine received Emergency Use Listing (EUL) from the World Health Organization (WHO), facilitating global distribution.

What is the storage requirement for Novavax's COVID-19 vaccine?

Novavax's COVID-19 vaccine can be stored at temperatures between 2 to 8 degrees Celsius and has a 12-month shelf life.

Who are Novavax’s main partners?

Novavax has partnered with Sanofi to enhance the distribution of its standalone adjuvanted COVID-19 vaccine and develop combination vaccines.

What are the key products in Novavax's pipeline?

Novavax’s product pipeline includes vaccines for respiratory syncytial virus (RSV), seasonal influenza, pandemic influenza, and Ebola virus, as well as preclinical programs for other infectious diseases.

How does Novavax’s Matrix-M™ adjuvant work?

The Matrix-M™ adjuvant enhances the immune response by stimulating the entry of antigen-presenting cells at the injection site and enhancing antigen presentation in local lymph nodes.

What financial performance is expected from Novavax in 2024?

Novavax has provided financial guidance for 2024, with over $1 billion in potential contract value for advance purchase agreements, indicating a strong financial outlook.

Is Novavax's COVID-19 vaccine effective against variants?

Yes, Novavax's COVID-19 vaccine has shown efficacy against multiple variants, including BA.2.86, EG.5.1, and XBB.1.16.6.

What is the significance of Novavax's partnership with Sanofi?

The partnership with Sanofi enhances the distribution of Novavax's COVID-19 vaccine and supports the development of combination vaccines, highlighting Novavax's commitment to global health initiatives.
Novavax Inc

Nasdaq:NVAX

NVAX Rankings

NVAX Stock Data

1.36B
153.14M
4.4%
59.99%
24.45%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States of America
GAITHERSBURG