Welcome to our dedicated page for Vaxart news (Ticker: VXRT), a resource for investors and traders seeking the latest updates and insights on Vaxart stock.
Vaxart, Inc. (symbol: VXRT) is a clinical-stage biotechnology company dedicated to transforming vaccine delivery through its innovative oral recombinant vaccine platform. Founded in 2004, Vaxart's primary focus is the development of vaccines in tablet form, offering a needle-free alternative that is easy to administer and store. This proprietary technology aims to revolutionize the global vaccine market, addressing common diseases such as Coronavirus, Norovirus, Seasonal Influenza, Respiratory Syncytial Virus (RSV), and Human Papillomavirus (HPV).
Headquartered in the United States, Vaxart operates in a single segment focused exclusively on the discovery and development of these groundbreaking oral recombinant protein vaccines. The company has made significant strides in the clinical development of its diverse pipeline, with several candidates currently undergoing trials. Vaxart’s oral vaccines are designed to simplify distribution and administration, potentially increasing vaccination rates and improving global health outcomes.
Recent achievements for Vaxart include the ongoing development and testing of its oral COVID-19 vaccine candidate, which has shown promise in preclinical studies and early-phase clinical trials. This innovation could play a crucial role in global vaccination efforts, especially in regions where cold-chain requirements pose logistical challenges. Other notable projects include the development of oral vaccines for Norovirus and Influenza, which are also advancing through various stages of clinical testing.
Financially, Vaxart remains focused on strategic partnerships and funding opportunities to support its research and development initiatives. The company's recent financial results for the full year ended December 31, 2023, and the first quarter ended March 31, 2024, reflect its ongoing commitment to advancing its oral vaccine candidates through clinical trials and towards regulatory approval.
For more information and the latest updates, contact Vaxart Media Relations: Mark Herr (mherr@vaxart.com, 203-517-8957) or Investor Relations: Andrew Blazier (IR@vaxart.com, 646-871-8486).
SOUTH SAN FRANCISCO, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Vaxart, Inc. (Nasdaq: VXRT) announced presentations by Dr. Sean Tucker and Dr. James F. Cummings at the World Vaccine Congress Washington 2023 on April 5 and 6, 2023. Dr. Tucker will discuss advancements in oral tablet vaccinations aimed at blocking transmission and enhancing existing vaccines on April 5 at 4:40 p.m. ET. Dr. Cummings will present findings on Vaxart’s oral bivalent norovirus vaccine candidate on April 6 at 12:15 p.m. ET. Vaxart is a clinical-stage biotechnology company focusing on oral recombinant vaccines that do not require refrigeration.
Vaxart, Inc. (NASDAQ: VXRT) will host a key opinion leader (KOL) video webcast on March 28, 2023, at 1:00 p.m. ET, focusing on the health and economic impact of norovirus. The webcast will feature experts Jan Vinjé, Ph.D. from the CDC, and Sarah Bartsch from CUNY. Vaxart's management will discuss their investigational oral pill vaccine for norovirus, detailing two Phase 2 clinical trials. One study aims to assess the efficacy of a GI.1 vaccine candidate, with topline data expected in Q3 2023. Another trial will evaluate vaccine dosing for a possible Phase 3 study, with topline data due mid-2023.
Vaxart (NASDAQ: VXRT) has announced a strategic shift prioritizing its bivalent norovirus vaccine candidate following encouraging clinical trial results. The company has completed six trials demonstrating robust immunogenicity and safety in young adults and the elderly. Vaxart plans to report topline data from ongoing Phase 2 studies in mid-2023 and Q3 2023, respectively. The company ended 2022 with $95.7 million in cash but reported a net loss of $107.8 million, up from $70.5 million in 2021. Vaxart's research and development expenses surged to $81.1 million due to increased headcount and clinical trial costs, while revenue fell to $0.1 million from $0.9 million in 2021.
Vaxart, Inc. (NASDAQ: VXRT) will provide a business update and financial results for the year ending December 31, 2022, on March 15, 2023, after market close. A conference call with senior management is scheduled for the same day at 4:30 p.m. ET. Vaxart focuses on developing oral recombinant vaccines through a unique delivery system aimed at eliminating needle-stick injuries. Their product pipeline includes vaccines for coronavirus, norovirus, seasonal influenza, RSV, and HPV, along with existing intellectual property protections.
Vaxart, Inc. (NASDAQ: VXRT) announced the dosing of the first subject in its Phase 2 clinical trial for an oral bivalent norovirus vaccine on February 14, 2023. This trial aims to establish optimal vaccine dosing ahead of a possible Phase 3 trial. The vaccine demonstrated robust immunogenicity in Phase 1b, with IgA responses of 78% and 93% for GI.1 and GII.4 strains, respectively. Approximately 135 healthy adults will participate, analyzing safety and immunogenicity. The global norovirus market is estimated at over $10 billion, with significant annual health impacts in the U.S. Vaxart expects to report topline data in mid-2023.
FAQ
What is the current stock price of Vaxart (VXRT)?
What is the market cap of Vaxart (VXRT)?
What is Vaxart, Inc. known for?
When was Vaxart, Inc. founded?
What is Vaxart's proprietary technology?
Where is Vaxart, Inc. headquartered?
What are some diseases Vaxart's vaccines target?
How is Vaxart's oral vaccine beneficial?
What recent achievements has Vaxart made?
What is Vaxart's financial condition?
How can I contact Vaxart for more information?
What segment does Vaxart operate in?
