Novavax Exec Says Now Anticipate Data Readouts For Both Novavax's Combination Covid-Flu Shot And Standalone Flu Vaccine In Mid 2025; Expect Royalties, Milestones From Deal With Sanofi To Exceed Value Of What Co's Own Efforts Might Have Yielded; Has Been Challenging For Co To Transition From Being An Innovator To Being A Commercial Business
Portfolio Pulse from Benzinga Newsdesk
A Novavax executive revealed expectations for data readouts for their combination COVID-Flu shot and standalone Flu vaccine by mid 2025. They also anticipate that royalties and milestones from their deal with Sanofi will surpass the value of their own commercial efforts. The transition from an innovator to a commercial business has been challenging for the company.
May 10, 2024 | 1:06 pm
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Novavax's anticipation of data readouts for their vaccines by mid 2025 and the expected financial benefits from the Sanofi deal highlight strategic moves to enhance their product pipeline and financial outlook. However, the company acknowledges challenges in transitioning to a commercial business.
The positive anticipation of data readouts and the financial benefits from the Sanofi deal are likely to be viewed favorably by investors, potentially boosting NVAX's stock in the short term. However, the acknowledged challenges in commercialization could temper some of the optimism.
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