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Nvax

All articles tagged with #nvax

finance1 year ago•3 min saved

Novavax Inc Faces Revenue Challenges Despite Cost Cuts

Novavax Inc reported mixed financial results for Q4 2023 and full year 2023, with a decrease in revenue and net loss, but significant cost reductions and progress in streamlining operations. The company achieved a 30% headcount reduction and a $1.1 billion cut in operating expenses year-over-year. Despite challenges in the competitive vaccine market, Novavax provided full year 2024 revenue guidance of $800 million to $1 billion and is focusing on expanding its pipeline, with a Phase 3 COVID-19-Influenza Combination vaccine trial expected to begin in the second half of 2024.

via Yahoo Finance|

#biotechnology #finance #financial-results

stock-market2 years ago•0 min saved

Novavax Stock: Fluctuations, Soaring, Short Selling, and Trending with Trump's SPAC Partner

Novavax shares fell over 8% after a previous surge in price following the FDA's Emergency Use Authorization for the company's updated protein-based COVID-19 vaccine for individuals aged 12 and older. The pullback in stock comes as the FDA has also approved updated vaccines from Moderna and Pfizer-BioNTech for the fall, all of which are expected to provide protection against current strains of the virus.

via Benzinga|

#covid-19-vaccine #fda #novavax

finance2 years ago•0 min saved

Novavax Stock Soars on Promising COVID-19 Vaccine Updates

Novavax shares traded higher as rising COVID-19 cases in the US have boosted vaccine stocks. The dominant strain in the US is the EG.5 variant, while a highly mutated strain called BA.2.86 is being monitored. COVID tests seem effective against these variants, but it remains to be seen if a strain becomes more widespread. Fall 2023 boosters appear to work for new variants, but it is unknown if they will be effective against BA.2.86's mutations. Novavax shares closed 10.23% higher at $9.25.

via Benzinga|

#covid-19 #finance #novavax