Novavax shares are trading higher after the FDA granted Emergency Use Authorization for the company's COVID-19 vaccine, Adjuvanted (2023-2024 Formula) to prevent COVID-19 in individuals aged 12 and older.
Portfolio Pulse from Benzinga Newsdesk
The FDA has granted Emergency Use Authorization for Novavax's COVID-19 vaccine, Adjuvanted (2023-2024 Formula), for individuals aged 12 and older. This has led to an increase in Novavax's share price.
October 03, 2023 | 6:49 pm
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Novavax's shares are trading higher following the FDA's Emergency Use Authorization for its COVID-19 vaccine. This could potentially increase the company's revenues and market share.
The FDA's Emergency Use Authorization for Novavax's COVID-19 vaccine is a significant development for the company. This approval not only validates the efficacy of the vaccine but also opens up a new revenue stream for Novavax. As a result, the company's shares are trading higher, and this trend may continue in the short term as the market reacts to this positive news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100