Tag: $Novavax

Novavax’s updated COVID vaccine shows response against ‘Eris’ variant

Novavax Inc said on Tuesday its updated protein-based COVID-19 vaccine generated an immune response against the “Eris” subvariant in preclinical studies.

Novavax posts unexpected Q2 profit on earlier COVID revenue

Novavax on Tuesday posted an unexpected second-quarter profit on earlier-than-expected revenue from its COVID-19 vaccine, but still trimmed its full-year forecast for sales of the shot.

Novavax Stock Surges 26%. It’s Getting $350 Million for Canceled Covid Shots.

Shares of Covid-19 manufacturer Novavax were surging after the company said it will receive $350 million from Canada to settle forfeited vaccine doses that were supposed to be delivered.

Novavax Plans to Cut 25% of Staff. Here’s Why the Stock Is Soaring.

Novavax said Tuesday that it would cut around a quarter of its workforce as it reported a steeper fall in revenue than expected for the first quarter of the year. Shares surged as investors bet the move could save enough money to to allow the Covid-19 vaccine manufacturer to bring new shots to the market.