Novavax (NASDAQ: NVAX) was up 9.1% in early afternoon trading Thursday after it announced that it had signed a development and supply agreement with SK Bioscience, a subsidiary of SK Group, to produce the antigen component of its COVID-19 vaccine candidate. In addition, both companies signed a letter of intent to make Novavax's vaccine available in South Korea.
Word of this deal comes on the heels of major international supply agreements Novavax signed last week. On Aug. 6, it inked a license agreement with the Serum Institute of India to provide a billion doses of Novavax's COVID-19 vaccine throughout India and other low- and middle-income countries. On Aug. 7, Novavax signed a license agreement with Takeda Pharmaceutical (NYSE: TAK) to provide 250 million doses of the vaccine in Japan.
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