Novavax completes submission for COVID-19 vaccine EUL from WHO
Although lagging several other vaccine makers in getting regulatory approvals and market launch, US biotech Novavax (Nasdaq: NVAX) today announced the completion of its rolling submission to the World Health Organization (WHO) for emergency use listing (EUL) of NVX-CoV2373, its COVID-19 vaccine candidate.
This news comes just a couple of days after getting is first approval, in Indonesia, but received a negative market reaction, with Novavax’ shares down nearly 12% at $158.06 by mid-morning. However, this is likely to be negative vibes due to a warning of slowing sales from fellow US COVID-19 vaccine developer Moderna (Nasdaq: MRNA).
"Today's submission reflects our continued focus on accelerating access and equitable distribution as we work to bring our vaccine to people in need around the globe," said Stanley Erck, president and chief executive of Novavax. "We continue to work with urgency to deliver our COVID-19 vaccine, built on a proven, well-understood vaccine platform, because no one is safe until everyone is safe."
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