Novavax's stock rockets after late-stage trial for flu treatment achieves primary endpoints [MarketWatch]
Novavax, Inc. (NVAX)
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Source: MarketWatch
Novavax's stock rockets after late-stage trial for flu treatment achieves primary endpoints Shares of Novavax Inc. NVAX, +3.96% rocketed 37% in premarket trading Tuesday, after the biotechnology company said its NanoFlu treatment for seasonal flu achieved all primary endpoints in a phase 3 trial for adults 65 an older. NanoFlu was well tolerated and had a safety profile comparable to Fluzone Quadrivalent. "These strong Phase 3 results align with and validate our previous clinical trials, in which NanoFlu showed higher HAI antibody responses than the leading flu vaccine for older adults," said Chief Executive Stanley Erck. "We expect that both Fast Track designation and the accelerated approval pathway from the FDA will help Novavax bring NanoFlu to market as quickly as possible to address the serious public health threat of influenza." The stock has nearly tripled (up 169%) over the past three months through Monday, while the iShares Nasdaq Biotechology ETF IBB, -0.55% has lost
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NVAX
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- 11/12/24 - Beat
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Sec Filings
- 11/20/24 - Form 8-K
- 11/13/24 - Form 4
- 11/13/24 - Form 3
- NVAX's page on the SEC website