Novavax: Do Not Expect A Turnaround In 2024 - Seeking Alpha
WEBDec 27, 2023 · Novavax's cash reserves have dwindled alarmingly, dropping from $1.34 billion to $651 million within nine months in 2023. A forced refund could further destabilize the company's finances....
Novavax raises doubts about ability to remain in business, shares …
WEBNEW YORK, Feb 28 (Reuters) - COVID-19 vaccine maker Novavax Inc (NVAX.O) on Tuesday raised doubts about its ability to remain in business and announced plans to slash spending as it works to...
Covid vaccine maker Novavax says it may not survive
WEBMar 1, 2023 · Novavax, which makes the Nuvaxovid vaccine used to treat Covid-19, posted huge sales gains for the past three years during the height of the pandemic. But the company is now facing serious ...
Novavax to Settle Suit Over Covid Vaccine Claims for $47m
WEBDec 5, 2023 · Novavax agreed to pay $47 million to settle securities class action filed by Sothinathan Sinnathurai in Nov. 2021. Company expects settlement fund will be funded by its directors and officers’ liability insurance. NOTE: Novavax Faces Shareholder Suit Over Covid-19 Vaccine Claims.
Why Novavax's path to survival won’t be easy - CNBC
WEBJun 14, 2023 · Novavax’s market cap has plummeted to around $700 million from roughly $1 billion six months ago and $3 billion a year ago. And staying afloat through 2023 and beyond may not be an easy task.
Sanofi licensing deal doubles value of vaccine group Novavax
WEBMay 10, 2024 · Shares in Novavax almost doubled after Sanofi struck a licensing deal worth up to $1.2bn to commercialise the struggling Covid-19 vaccine maker’s coronavirus jab and use the technology to ...
Novavax to settle Gavi arbitration over canceled Covid shot …
WEBFeb 22, 2024 · Under the settlement, Novavax has paid an initial $75 million to Gavi and will make deferred payments of $80 million each year through Dec. 31, 2028. Those annual payments would be due in...
Novavax shares more than double on Sanofi's $1.4 billion
WEBMay 10, 2024 · The agreement saw Novavax lift the going concern notice it issued in 2023, when the Gaithersburg, Maryland company warned that plunging COVID-19 vaccines sales could push it into bankruptcy....
Novavax stock spikes 29% after company snags $350 million from …
WEBJul 10, 2023 · Canada's Covid shot settlement is a sign of hope for investors after Novavax raised doubts about its ability to stay in business earlier this year.
Novavax to Get Up to $1.2B in Covid-19 Vaccine Deal with Sanofi
WEBMay 10, 2024 · Sanofi and Novavax sign co-exclusive licensing agreement to co-commercialize Covid-19 vaccine and develop novel flu-Covid-19 combination vaccines. Terms of agreement also include non-exclusive license to use Matrix-M …