Novavax up 20% on ‘approvable’ COVID-19 vaccine development

24 April 2025

US biopharma Novavax (Nasdaq: NVAX) closed 20% higher on Wednesday after announcing an update on its COVID-19 vaccine.

The US Food and Drug Administration (FDA) was supposed to decide on whether to approve the protein-based jab, NVX-CoV2705, by a deadline of earlier this month.

We look forward to engaging with the FDA expeditiously to address the PMC request

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