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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Novavax, Inc.    NVAX


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Novavax delays U.S. COVID-19 vaccine trial again, now sees start in the coming weeks

11/30/2020 | 06:31am EST

NEW YORK, Nov 30 (Reuters) - Vaccine maker Novavax Inc said on Monday it has pushed back the start of a U.S.-based, late-stage trial for its experimental COVID-19 vaccine and now expects it to begin in the coming weeks instead of November.

It is the second time that Novavax, which already has a late-stage UK trial underway, has rescheduled the Phase 3 trial after first flagging an October start, hampered by issues in scaling up its manufacturing.

Novavax plans to use vaccine material produced at commercial scale for the trial in the United States and Mexico and has been working closely with the U.S. Food and Drug Administration to greenlight the use of the vaccine made at a North Carolina plant.

The company also said it has completed enrollment for its 15,000 participant UK trial and expects interim data as soon as the first quarter of 2021.

It has previously said that the UK trial could be the basis for some global regulatory approvals.

More than 25% of enrollees in the UK trial are over the age of 65, while a large proportion of volunteers had underlying co-morbid medical conditions generally representative of the population.

Novavax is also running a fully enrolled Phase 2b trial in South Africa, which has 4,400 volunteers including 245 who are medically stable, HIV positive participants. Efficacy data from that trial could also be available in the first quarter of next year. (Reporting by Michael Erman; Editing by Edwina Gibbs)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.60% 538.79 Delayed Quote.0.36%
NOVAVAX, INC. 0.45% 128 Delayed Quote.14.28%
S&P AFRICA 40 INDEX 0.90% 175.35 Delayed Quote.-0.21%
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Financials (USD)
Sales 2020 520 M - -
Net income 2020 -314 M - -
Net cash 2020 465 M - -
P/E ratio 2020 -23,3x
Yield 2020 -
Capitalization 6 546 M 6 546 M -
EV / Sales 2020 11,7x
EV / Sales 2021 1,69x
Nbr of Employees 522
Free-Float 97,6%
Duration : Period :
Novavax, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends NOVAVAX, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 188,50 $
Last Close Price 128,00 $
Spread / Highest target 74,2%
Spread / Average Target 47,3%
Spread / Lowest Target -41,4%
EPS Revisions
Managers and Directors
Stanley C. Erck President, Chief Executive Officer & Director
James F. Young Chairman
Richard Crowley Chief Operating Officer & Executive Vice President
Gregory F. Covino Chief Financial Officer & Executive Vice President
Gregory M. Glenn President-Research & Development
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