Novavax

Wednesday, June 8, 2022 Edit

Novavax stock was dropping Friday after receiving a Sell-equivalent rating the first since December 2020 and the only one from Wall Street. Novavax is the first protein-based COVID-19 vaccine to be provisionally approved by the Therapeutic Goods Administration TGA.

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Novavax Inc on Monday revealed a sharp drop in first-quarter COVID-19 research funding and said it shipped less than a fourth of the total vaccine deliveries slated for 2022 dragging shares of.

. Novavax NASDAQNVAX shares have spiked in the morning hours Friday after the US. Currently Novavax has a market capitalization of 369. Food and Drug Administration FDA scheduled a meeting to discuss the authorization for the companys COVID-19.

Novavax NVAX executives remain hopeful that the companys COVID-19 vaccine will clear US. Novavax NVAX has outperformed the market over the past 5 years by 978 on an annualized basis producing an average annual return of 1975. Novavax filed for emergency use for its COVID-19 vaccine with the FDA Jan.

Two months later there is still no sign of a decision from regulators. It has been proven safe and effective in protecting against severe illness or death associated with COVID-19 infection with clinical trial data showing a robust immune response providing around 90 per cent protection. Bank of America Securities analyst Alec Stranahan.

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