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.
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May 9, 2023 - 15:38
Novavax Plans to Cut 25% of Staff. Here’s Why the Stock Is Soaring.
By Pharos Investment Advisors Comments are Off
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