Novavax Inc - NVAX STOCK NEWS

Novavax has secured a contract with the government of Switzerland to supply six million doses of its COVID-19 vaccine candidate, NVX-CoV2373. The agreement is part of Switzerland's efforts to ensure vaccine availability for its citizens. Initial delivery will occur following successful clinical development and regulatory approval. The vaccine, currently in Phase 3 clinical trials, has shown efficacy against various COVID-19 strains and is engineered with Novavax's proprietary technology, designed to enhance immune response.

Novavax (Nasdaq: NVAX) announced promising results from its COVID-19 vaccine, NVX-CoV2373, achieving 89.3% efficacy in a Phase 3 trial in the UK, with significant protection against the UK variant. In a Phase 2b trial in South Africa, efficacy of 60% against the prevalent escape variant was demonstrated in HIV-negative participants. This vaccine is engineered using recombinant nanoparticle technology and has been tested on over 20,000 participants across various trials. Novavax is also advancing its PREVENT-19 trial in the US and Mexico, aiming for enrollment of 30,000 participants.

Novavax has finalized a deal with the Government of Canada to supply up to 76 million doses of its COVID-19 vaccine, NVX-CoV2373. The agreement includes a firm purchase of 52 million doses with an option for 24 million additional doses. NVX-CoV2373 is currently in Phase 3 clinical development and is expected to begin delivery as early as the second quarter of 2021, pending regulatory approval. The vaccine utilizes Novavax's proprietary Matrix-M™ adjuvant to enhance immune response.

Novavax, Inc. (Nasdaq: NVAX) has appointed Dr. Madelyn 'Lyn' Caltabiano as Senior Vice President of Global Program Management, a newly created role aimed at enhancing their vaccine development efforts. Dr. Caltabiano, who has extensive experience in managing global programs, will lead strategies to assess operational performance related to Novavax's vaccine pipeline. Her previous roles included leadership positions at NexEos Diagnostics and Merck. The company continues to advance its COVID-19 vaccine candidate, NVX-CoV2373, currently undergoing pivotal trials in the U.K. and the U.S.

Novavax, a late-stage biotechnology company, has appointed Henrietta Ukwu, M.D., as Senior Vice President, Chief Regulatory and Quality Officer. Dr. Ukwu will oversee global regulatory strategy and quality assurance for Novavax's vaccine candidates, including NVX-CoV2373, aimed at combating COVID-19. With extensive experience in regulatory affairs from previous roles at Otsuka Pharmaceuticals, PPD, and Merck, she is expected to significantly contribute to Novavax’s advancements in vaccine development.

Novavax has signed an Advance Purchase Agreement with Australia for 51 million doses of its COVID-19 vaccine NVX-CoV2373. Initial deliveries are anticipated by mid-2021, pending regulatory approval. This agreement follows a preliminary deal made in November 2020 and allows Australia an option for an additional 10 million doses.

Currently, Novavax is conducting late-stage clinical trials in the U.S., Mexico, and the U.K. to validate the vaccine's efficacy and safety, bolstered by its proprietary adjuvant Matrix-M™.

On January 6, 2021, Novavax (Nasdaq: NVAX) announced participation in two investor conferences, focusing on its COVID-19 vaccine candidate, NVX-CoV2373. The J.P. Morgan Healthcare Conference will take place on January 11, 2021, featuring presentations by key executives, including CEO Stanley C. Erck. Additionally, the 13th Annual Biotech Showcase is scheduled for January 8, 2021, with a panel discussing Novavax's journey during the pandemic. NVX-CoV2373, a protein-based vaccine, has shown promising results in clinical trials and is currently in pivotal Phase 3 evaluations.

Novavax initiated PREVENT-19, a pivotal Phase 3 trial in the U.S. and Mexico to assess the efficacy and safety of NVX-CoV2373, its COVID-19 vaccine candidate. The study aims to enroll up to 30,000 participants, with two-thirds receiving the vaccine and one-third a placebo. Previous Phase 1/2 trials demonstrated a robust immune response. Supported by Operation Warp Speed, this trial is critical for developing vaccines to combat the pandemic. Results from this and other ongoing studies are expected soon, potentially influencing vaccine availability.

Novavax (Nasdaq: NVAX) announced the appointment of Rick Crowley as Executive Vice President, Chief Operations Officer. Crowley will oversee all operations, including Quality, Manufacturing, Supply Chain, and Regulatory Affairs, taking over from Ben Machielse, who will remain as an executive advisor. Crowley brings extensive experience in biopharmaceuticals, having previously held senior roles at TerSera and Crealta. Novavax aims to leverage Crowley's expertise to enhance its manufacturing capabilities and advance its COVID-19 and influenza vaccine candidates.