Levi & Korsinsky Reminds Shareholders of an Investigation into Novavax, Inc. (NVAX) Regarding Potential Securities Fraud Allegations
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Levi & Korsinsky has initiated an investigation into Novavax, Inc. (NVAX) for potential securities fraud. This follows the FDA's clinical hold on Novavax's combination influenza and Covid-19 shot and its stand-alone influenza vaccine.
November 06, 2024 | 8:30 pm
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Novavax is under investigation for potential securities fraud following an FDA clinical hold on its vaccine developments.
The investigation into potential securities fraud and the FDA's clinical hold on key vaccine developments are significant negative factors. These events could lead to a loss of investor confidence and potential legal liabilities, likely impacting NVAX's stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
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