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0 0.00403225806451616 0 0.00537634408602151 -0.0188172043010752 -0.0120967741935484 0.0188172043010753 0.0793010752688173
Stock impact report

Novavax's quarterly loss shrinks as it ramps down spending on COVID vaccines [Yahoo! Finance Canada]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
and administrative expenses of COVID-19 vaccines, its only product on the market. The company has struggled to keep up with the pace of its rivals Moderna and Pfizer, which make messenger RNA-based vaccines compared to its protein-based shot. Novavax reported quarterly sales of $49.8 million for COVID vaccines, down 80.2% from the year earlier. The U.S. company signed a licensing deal worth at least $1.2 billion with French drugmaker Sanofi in May to hand over the rights to sell its vaccines in several markets, including the United States and Europe. Maryland-based Novavax said it would continue to sell the shots in the U.S. during the first half of this year, as it transitions the market to Sanofi beginning with the 2025-2026 vaccination season. It is banking on revenue from its Sanofi deal and vaccines in development, including an experimental COVID-flu combination shot and for bird flu, which is in pre-clinical stage. Novavax said it was eligible to receive royalties in Show less Read more
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