Novavax’ NanoFlu Achieves All Primary Endpoints In Phase 3 Clinical Trial - Trial also achieves statistical significance in key secondary endpoints - Novavax to submit a U.S. BLA under FDA’s accelerated approval pathway - Company to host investor conference call today at 8:30 a.m. EDT
Just to add: 1 reverse-split in its history according to this website (splithistory.com/nvax/)
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Just a note here. COVID in my humble opinion is just a short-term pump for this company. Their real success lies in their NanoFlu technology that can grab a handful of influenza vaccine market.
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During earnings announcement, Novavax reported a loss of 0.58/share versus $2.11 last year. They also announced funding of $384 mil from the Coalition for Epidemic Preparedness Innovations. There is a huge spotlight on them now.
NVAX +15% this morning. Analysts are finally rethinking the potential of Novavax and their technology.
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To re-iterate from my previous post on May 6th:
I'm bull-ish on Novavax (see Related Idea). I think their approach to the COVID-19 vaccine is promising - their recombinant nanoparticle vaccine technology and Matrix-M adjuvant. They also have positive long-term prospects with their proprietary NanoFlu candidate. This is the big one to me. It's unclear whether COVID-19 becomes seasonal or not but influenza is established and recurring. It fact, it's becoming more difficult to handle with every year. The strains are becoming more advanced and unpredictable. Whether or not Novavax can produce a profitable candidate, I simply don't know. I believe that their patented tech is promising.
Novavax might not produce a COVID vaccine before its competitors (or at all) but they continue to demonstrate their technology and approach works. Example: ir.novavax.com/news-releases/new...
That being said, tell me about this random Schiff I plotted :)
Preliminary studies on COVID vaccines have produced promising results
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Novavax almost 100x since Feb 2020. I'm waiting for news of NanoFlu. I still think Novavax has a lot more potential to grow if NanoFlu proves to be superior to all other vaccines in its latest clinical trial.
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