Novavax Inc - NVAX STOCK NEWS

Novavax, Inc. (Nasdaq: NVAX) announces a collaboration with GSK and the UK Government to manufacture up to 60 million doses of its COVID-19 vaccine candidate, NVX-CoV2373, starting from May 2021. Under this agreement, GSK will utilize its Barnard Castle facility for 'fill and finish' operations. This partnership aims to bolster the UK's vaccine rollout as over 30 million doses have already been administered. The NVX-CoV2373 vaccine has shown promising efficacy in Phase 3 trials, and regulatory submission is anticipated in the second quarter.

Novavax, Inc. (Nasdaq: NVAX) announced remarkable results from its COVID-19 vaccine, NVX-CoV2373, in pivotal trials. The final analysis of the U.K. Phase 3 trial demonstrated a 96.4% efficacy against the original strain and 89.7% overall efficacy, with 100% protection against severe disease. In South Africa, the Phase 2b trial revealed 55.4% efficacy among HIV-negative participants. Both studies confirmed the vaccine’s effectiveness against variant strains and showed it was well-tolerated. Novavax plans to submit data for regulatory authorization worldwide.

Novavax (Nasdaq: NVAX) announced its participation in a fireside chat at the H.C. Wainwright Virtual Global Life Sciences conference on March 9, 2021. The discussion will focus on Novavax's COVID-19 vaccine candidate, NVX-CoV2373, featuring Dr. Gregory M. Glenn and John Trizzino as speakers. The session will be available on-demand starting at 7:00 a.m. ET. A replay will also be accessible for 90 days on the company’s website.

Novavax specializes in creating next-generation vaccines to combat serious infectious diseases.

Novavax, Inc. (NVAX) announced positive results for its COVID-19 vaccine candidate, NVX-CoV2373, achieving 89.3% efficacy against the original strain in a UK Phase 3 trial. The company completed enrollment of 30,000 participants for the PREVENT-19 trial and secured agreements for 300 million doses, with an additional 1.1 billion doses for COVAX. Financially, Novavax reported a Q4 net loss of $177.6 million, significantly higher than the previous year. Revenue surged to $279.7 million, driven by government contracts. The company has raised over $2 billion in funding to support its vaccine development efforts.

Novavax, Inc. (Nasdaq: NVAX) has announced an exclusive licensing agreement with Takeda Pharmaceutical for the local development, manufacturing, and commercialization of its COVID-19 vaccine candidate, NVX-CoV2373, in Japan. Takeda has initiated a Phase 2 clinical trial to test the vaccine's immunogenicity and safety in Japanese participants. The partnership aims to produce over 250 million vaccine doses annually and includes milestone payments for Novavax. The company has also reported positive interim results from ongoing clinical trials in the UK.

Novavax, Inc. (Nasdaq: NVAX) has completed the enrollment of 30,000 volunteers for its pivotal Phase 3 PREVENT-19 study, evaluating its COVID-19 vaccine, NVX-CoV2373, across 118 sites in the U.S. and Mexico. The trial aims to demonstrate the vaccine's efficacy, safety, and immunogenicity. Notable diversity was achieved in recruitment, including significant representation from LatinX (20%) and African American (13%) demographics. NVX-CoV2373 is supported by a $1.75 billion U.S. government partnership, focusing on rapidly addressing urgent global health needs.

Novavax (Nasdaq: NVAX) has signed a Memorandum of Understanding (MOU) with Gavi to deliver 1.1 billion doses of its COVID-19 vaccine, NVX-CoV2373, via the COVAX Facility. This partnership aims to ensure equitable access to vaccines across various income levels. Novavax will manufacture and distribute the doses globally, with the Serum Institute of India also involved. Ongoing Phase 3 trials in the US, Mexico, and the UK are part of the vaccine’s development. This agreement is positioned to help combat the pandemic effectively.

Novavax, Inc. (Nasdaq: NVAX) will report its fourth quarter 2020 financial results and operational highlights on March 1, 2021, post U.S. market closure. The company develops next-generation vaccines, including NVX-CoV2373 against COVID-19 and NanoFlu™, which recently met its Phase 3 trial objectives for influenza. Both vaccine candidates utilize the Matrix-M™ adjuvant to boost immune response. A conference call is scheduled for 4:30 p.m. ET on the same date, with a replay available post-event.

Novavax has expanded its partnership with SK Bioscience to enhance the production capacity of NVX-CoV2373, its COVID-19 vaccine. The agreement allows SK Bioscience to manufacture and commercialize the vaccine for the Korean government, with an advance purchase agreement for 40 million doses starting in 2021. Positive interim efficacy results from ongoing Phase 3 trials in the U.K. and U.S. have been reported. The collaboration aims to expedite vaccine delivery and secure regulatory approval.