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0.00177935943060484 0.00474495848161318 0.00771055753262153 -0.0136417556346382 -0.00118623962040351 -0.0106761565836301 -0.0207591933570582 -0.0177935943060499
Stock impact report

Novavax shares up on fourth quarter earnings beat [Yahoo! Finance]

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
The company is transitioning away from direct commercialization of its COVID-19 vaccine. The vaccine maker posted a fourth-quarter loss per share of $0.51, beating analysts' expectations of a 60-cent loss on each share. Revenue came in at $88.31 million, below the consensus estimate of $102.74 million. Novavax said it was transitioning away from commercial responsibilityof its COVID-19 vaccine, Nuvaxovid, giving it to Sanofi (NASDAQ:SNY) starting with the 2025-2026 season. The company also secured a $50 million milestone payment under its Sanofi agreement and completed the $200 million sale of its Czech Republic manufacturing facility to Novo Nordisk (NYSE:NVO), a move expected to reduce annual costs by about $80 million. The company Read more
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