NVAX ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Novavax, Inc.
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Levi & Korsinsky has initiated an investigation into Novavax, Inc. for potential securities fraud violations. This follows the FDA's clinical hold on Novavax's combination influenza and Covid-19 shot and its stand-alone influenza vaccine, announced on October 16, 2024.
November 12, 2024 | 10:45 pm
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Novavax is under investigation for potential securities fraud following an FDA clinical hold on its vaccine developments, which could negatively impact its stock.
The investigation into potential securities fraud and the FDA's clinical hold on key vaccine developments are significant negative factors for Novavax. These issues could lead to a loss of investor confidence and potential legal liabilities, likely putting downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100