US biotech Novavax (Nasdaq: NVAX) has an advanced purchase agreement (APA) with the European Commission and an arrangement with the UK for the supply of the firm’s COVID-19 vaccine, developed with its Matrix-M adjuvant.
An updated version of the jab has been authorized for use in the European Union, and further approvals are likely imminent in the UK and Switzerland.
But while the vaccine might be in plenty of European arms this winter as the company fulfils its existing commitments, Novavax’ focus is firmly on the years ahead, since the supply agreements are ending this year.
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