Novavax to slash further 12% of jobs

1 February 2024

US biotech company Novavax, a specialist in protein-based vaccines, has detailed its latest plans for job cuts to save funds for the cash-strapped company.

This comes after Novavax last year announced the goal of significantly reducing research and development (R&D) and selling, general and administrative (SG&A) expenses.

"The new Novavax is being designed to be a leaner and more agile organization"

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