Novavax Reports Fourth Quarter and Full Year 2024 Financial Results and Operational Highlights
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Novavax reported its Q4 and full-year 2024 financial results, highlighting a revenue of $682 million for the year. The company transitioned the commercial responsibility of its COVID-19 vaccine to Sanofi and completed a $200 million sale of a manufacturing facility to Novo Nordisk, reducing costs by $80 million annually.
February 27, 2025 | 1:15 pm
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Novavax reported $682M in revenue for 2024, transitioned its COVID-19 vaccine to Sanofi, and sold a manufacturing facility to Novo Nordisk, reducing costs by $80M annually.
The financial results show a solid revenue performance and strategic moves like transitioning vaccine responsibility to Sanofi and selling a facility to Novo Nordisk, which will reduce costs. These actions are likely to positively impact NVAX's stock price in the short term.
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