Novavax Exec Says Expect Royalties, Milestones From Deal With Sanofi To Exceed Value Of What Co's Own Efforts Might Have Yielded
Portfolio Pulse from Benzinga Newsdesk
A Novavax executive stated during a conference call that they expect royalties and milestones from their deal with Sanofi to exceed the value of what the company's own efforts might have yielded.
May 10, 2024 | 12:49 pm
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The statement from a Novavax executive about the expected financial benefits from the deal with Sanofi suggests a positive outlook for Novavax's revenue and profitability, potentially leading to increased investor confidence.
The expectation of higher royalties and milestones from the Sanofi deal compared to what Novavax could have achieved on its own indicates a strong partnership and potential for significant revenue growth. This could lead to increased investor confidence and a positive short-term impact on NVAX's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90