Novavax to sell Czech manufacturing unit to Novo Nordisk for $200 mln
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Novavax is selling its Czech manufacturing unit to Novo Nordisk for $200 million. The proceeds will be used to support Novavax's vaccine pipeline.
December 04, 2024 | 8:30 am
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Novavax is selling its Czech manufacturing unit to Novo Nordisk for $200 million. This sale will provide Novavax with additional funds to support its vaccine pipeline.
The sale of the manufacturing unit provides Novavax with significant capital, which is likely to positively impact its stock price as it strengthens its vaccine development efforts.
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