Novavax to Sell Czech Manufacturing Plant to Novo Nordisk for $200M
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Novavax is selling its Czech manufacturing plant to Novo Nordisk for $200 million. The proceeds will be used to advance Novavax's vaccine pipeline. The deal is expected to close by the end of the year.
December 05, 2024 | 6:00 pm
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Novavax is selling its Czech manufacturing plant to Novo Nordisk for $200 million, which will be used to advance its vaccine pipeline. The deal is expected to close by the end of the year.
The sale of the manufacturing plant provides Novavax with significant capital to invest in its vaccine pipeline, which is a core part of its business strategy. This could positively impact its stock price as it strengthens its financial position and focus on vaccine development.
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