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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.

Rhea-AI Summary

Novavax, Inc. (Nasdaq: NVAX) has received provisional approval from New Zealand's Medsafe for its COVID-19 vaccine, NVX-CoV2373, branded as Nuvaxovid. This approval allows the vaccine to be used for individuals aged 18 and older. The decision follows extensive evaluations from two pivotal Phase 3 trials, showing efficacy rates of 90.4% and 89.7% in the U.S. and U.K. respectively. The vaccine, supplied through a partnership with Serum Institute of India, is part of an advance purchase agreement for 10.7 million doses. Novavax remains committed to monitoring the vaccine's safety and effectiveness.

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Novavax has received conditional marketing authorization from the MHRA for its Nuvaxovid™ COVID-19 vaccine in Great Britain, marking it as the first protein-based vaccine authorized there. This decision is based on data from significant clinical trials, including a Phase 3 trial in the U.K. with nearly 15,000 participants and another in the U.S. and Mexico with approximately 30,000 participants, showcasing efficacy rates of 89.7% and 90.4%, respectively. An agreement for 60 million doses was also previously established with the U.K. Vaccines Taskforce.

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Novavax, Inc. has submitted a request for Emergency Use Authorization (EUA) to the FDA for its COVID-19 vaccine candidate, NVX-CoV2373. This request is supported by pivotal clinical trial data demonstrating an overall efficacy of approximately 90% in the PREVENT-19 trial involving 30,000 participants. The vaccine has a favorable safety profile and has received conditional authorization from multiple global regulatory agencies, including the EU and WHO. Novavax aims to provide an alternative vaccine option, leveraging its proprietary protein-based technology and global partnerships.

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Novavax, Inc. (Nasdaq: NVAX) announces an advance purchase agreement with Israel's Ministry of Health for its COVID-19 vaccine, NVX-CoV2373. This agreement includes an initial 5 million doses with an option for an additional 5 million. The vaccine, which has shown high efficacy in ongoing Phase 3 trials, is awaiting regulatory approvals for distribution in Israel. The company has received conditional marketing authorization from the European Union and emergency use listing from the WHO. Novavax continues to monitor safety and efficacy while expanding its manufacturing capabilities worldwide.

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Novavax, Inc. (Nasdaq: NVAX) announced that Australia's Therapeutic Goods Administration (TGA) has granted provisional registration for NVX-CoV2373, its COVID-19 vaccine. This approval allows for active immunization against COVID-19 in individuals 18 years and older under the brand name Nuvaxovid™. The vaccine's registration is backed by data from pivotal clinical trials involving nearly 30,000 participants. With an advance purchase agreement for 51 million doses in place, Novavax aims to supply Australia while continuing to monitor safety and efficacy as distribution begins.

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Novavax, Inc. (Nasdaq: NVAX) and SK bioscience announced the approval of their Nuvaxovid™ COVID-19 vaccine by South Korea's Ministry of Food and Drug Safety for individuals aged 18 and older. This marks Nuvaxovid as the first protein-based COVID-19 vaccine approved in South Korea. SK bioscience is set to manufacture and market the vaccine, supported by an advance purchase agreement for 40 million doses. Novavax anticipates further global authorizations in 2022, including a request for emergency use authorization from the U.S. FDA.

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Novavax, Inc. (Nasdaq: NVAX) announced a submission for emergency use authorization (EUA) of its COVID-19 vaccine, NVX-CoV2373, to the South African Health Products Regulatory Agency (SAHPRA). The vaccine, developed in partnership with Serum Institute of India, leverages recombinant nanoparticle technology and has shown high efficacy in clinical trials involving over 45,000 participants. It has received authorizations in 170 countries, including the EU and WHO. The company aims to deliver the vaccine in South Africa, pending regulatory approval.

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Novavax, Inc. (Nasdaq: NVAX) announced its participation in the 40th Annual J.P. Morgan Healthcare Conference on January 10, 2022, from 9:00 – 9:40 a.m. ET. The conference will focus on Novavax' COVID-19 vaccine candidate NVX-CoV2373. The presentation will be moderated by Eric Joseph, with participation from Novavax President and CEO Stanley C. Erck. Additionally, investor meetings will be held from January 10 to January 12, 2022. An audio replay will be available on Novavax's events page for 30 days.

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Novavax, Inc. (Nasdaq: NVAX) announced the submission of its final data package for NVX-CoV2373 to the FDA, a key step toward emergency use authorization (EUA) for its COVID-19 vaccine. The CMC package leverages a partnership with the Serum Institute of India and will be supplemented with data from additional sites. NVX-CoV2373, which showed 90.4% efficacy in U.S. and Mexico trials and 89.7% in U.K. trials, is designed for two doses 21 days apart. The company highlights ongoing governmental support and the demand for COVID-19 vaccines amid emerging variants.

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Novavax (Nasdaq: NVAX) and Serum Institute of India have received emergency use authorization (EUA) in India for their recombinant nanoparticle protein-based COVID-19 vaccine, Covovax™, featuring the Matrix-M™ adjuvant. This approval aims to expand vaccine options amid India's pandemic response. Covovax™ exhibits over 90% efficacy and a favorable safety profile, with storage requirements compatible with existing vaccine supply chains, making it accessible in hard-to-reach areas. The vaccine has also received EUA in Indonesia and the Philippines, with ongoing regulatory filings in various countries.

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FAQ

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

The current stock price of Novavax (NVAX) is $8.75 as of November 26, 2024.

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

1.39B
153.17M
4.38%
60.11%
24.97%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
GAITHERSBURG