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Novavax sees weak Covid vaccine sales
Novavax cuts 2024 revenue forecast again on lower COVID vaccine sales
(Reuters) -
Novavax
cut its annual revenue forecast on Tuesday, citing lower-than-expected sales of its COVID-19
vaccine
, ahead of handing over the rights to sell the shot to French drugmaker Sanofi. Shares of the U.S. biotech firm fell 3% to $8.73.
Novavax sees weak Covid vaccine sales, convinced Sanofi can do better
Novavax has made a smaller splash in the U.S. Covid-19 vaccine market than it had hoped. But it's betting on licensing deals and a pipeline of new vaccines it's now evaluating for R&D.
FDA clears Novavax to resume trials of Covid-19 and flu combo vaccine
Novavax
has received the green light from the US Food and Drug Administration (FDA) to resume clinical trials for its Covid-19 and influenza combination
vaccine
(CIC) and standalone influenza vaccines after a month-long clinical hold. The FDA initially ...
Business Insider
7h
Novavax Advances Vaccine Strategy Amid Financial Shifts
In its recent third-quarter 2024 earnings report,
Novavax
highlighted significant advancements in its
vaccine
portfolio, including the removal of a clinical hold by the U.S. FDA on its ...
20h
on MSN
Novavax Stock is Slipping After the Vaccine Maker Cut its Outlook Again
Novavax shares dropped Tuesday morning after the company slashed its full-year outlook when it announced its third-quarter ...
AOL
21h
Novavax stock plunges after quarterly earnings, but company sees hope in licensing deals
Novavax
's COVID-19
vaccine
continues to be its only commercial product and currently has about 2%-3% market share, ...
10h
Novavax: Navigating Fiscal Challenges and Strategic Shifts Amid COVID Vaccine Market Uncertainty
In a report released today, Brendan Smith from TD Cowen maintained a Hold rating on Novavax (NVAX – Research Report), with a price target ...
Hosted on MSN
21h
Novavax falls after guidance cut on lower vaccine sales
Novavax
(NASDAQ:NVAX) shares lost ~12% in the premarket on Tuesday after the Gaithersburg, MD-based biotech, with its Q3 ...
KSL
1d
FDA lifts clinical hold on Novavax's combo COVID-flu shot
The Food and Drug Administration has lifted its clinical hold on a late-stage trial of Novavax's COVID-influenza and its ...
22h
Novavax Lowers 2024 Forecast Despite Q3 Revenue Beat, Stock Falls
Novavax reports Q3 2024 sales of $84.5 million, beating estimates, with a net loss of $121 million. EPS improves, FDA ...
7d
Novavax, UK terminate vaccine supply agreement
Novavax said on Tuesday that it has entered into a termination and settlement agreement with the UK Health Security Agency ...
Yahoo Finance
22h
Novavax Reports Third Quarter 2024 Financial Results and Operational Highlights
Advanced preparation for Sanofi to assume lead commercial responsibility of Nuvaxovid™ COVID-19
vaccine
for 2025-2026 ...
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