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Novavax (NVAX) Q1 Earnings Miss, Stock Soars on Sanofi Deal
NVAXNovavax(NVAX) Zacks Investment Research·2024-05-14 01:56

However, Novavax had been unable to enjoy these benefits as it had a delayed product launch thanks to some manufacturing issues which led to delayed regulatory filings and a delayed approval. In the last year, management had uncertainties about generating revenues from COVID-19 vaccine sales and raised concerns about its ability to continue as a 'going concern.' With the backing of a pharma bigwig like Sanofi, Novavax expects to increase the market share and presence of its COVID vaccine to a larger audienc ...