Novavax ( NASDAQ:NVAX )
On Monday morning, Novavax stock was up by 6.3%. Following the announcement made by the firm that Swiss authorities have advised using Novavax’s COVID-19 vaccine Nuvaxovid as a booster in people aged 18 and older, Novavax stock had a significant gain.
In addition, Novavax ( NASDAQ:NVAX ) announced on Monday morning that its partner company, SK bioscience, has submitted an application for Nuvaxovid to be administered as a booster in adult patients in South Korea. At the beginning of this year, South Korean authorities gave the vaccine its stamp of approval for use as a primary immunization against the new coronavirus.
Then what?
The action taken today does not improve Novavax stock miserable performance this year. Before the start of this week, the vaccination supply had dropped by roughly 89%. On the other hand, the reports coming in from Switzerland and South Korea were unquestionably encouraging.
Due to the current high immunization rates in industrialized countries, Novavax’s chances for Nuvaxovid as the main vaccine are pretty restricted. Using the company’s vaccination as a booster presents the business with the most significant potential to seize any near-term market momentum that may be available.
The European Union, Australia, Israel, Japan, and New Zealand are among the countries where Nuvaxovid is already commercially accessible as a booster. Following an enlarged temporary authorization of the vacc...
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