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0.000626959247648889 0.000626959247648889 0.00188087774294667 0.000626959247648889 -0.00940438871473356 -0.0131661442006269 -0.0269592476489028 -0.038244514106583
Stock impact report

Canada Cancels Novavax Covid Vaccine Purchase [Barron's]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Barrons
The Maryland-based company said it received notice last Friday that the Canadian government was "terminating, with immediate effect" a January 2021 agreement to buy millions of doses. The reason, it said, was the company "not receiving regulatory approval for its Covid-19 vaccine using bulk antigen produced at Biologics Manufacturing Centre Inc" in Montreal by the end of 2024. Ottawa had announced in early 2021 that Novavax would become the first company to manufacture a Covid-19 vaccine in Canada. The governemnt and the company signed a memorandum of understanding to set up a new production facility in Montreal. The agreement was later amended to add the December 31, 2024 deadline for vacinne production at the f Read more
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