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Stock impact report

Moderna and Novavax shares plunge after key FDA official steps down, citing discord with RFK Jr. who he says ‘wishes subservient confirmation of his misinformation and lies' [Yahoo! Financ...

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: Yahoo! Finance
Marks' departure comes amid a sweeping overhaul of the Department of Health and Human Services, helmed by vaccine skeptic Robert F. Kennedy Jr. Key personnel changes within federal public-health agencies have appeared to shake investor confidence in vaccine makers. Shares of Moderna and Novavax plunged Monday following the announcement Friday that key Food and Drug Administration official Peter Marks was stepping down from his position. The share price of Moderna plummeted more than 12% since the personnel change as of Monday afternoon, while Novavax fell about 7%. Marks, head of the FDA's Center for Biologics Evaluation and Research, was a key individual in regulating and approving vaccines and other treatments, such as gene therapies. During President Donald Trump's first administration, Marks was credited for coining the name and concept of Operation Warp Speed, the initiative to expedite the development of Covid vaccines. The regulator's departure comes amid sweeping cuts Show less Read more
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