BUZZ-Novavax tumbles as Kennedy raises questions over COVID vaccine

Reuters
11 Apr
BUZZ-Novavax tumbles as Kennedy raises questions over COVID vaccine

** Shares of vaccine maker Novavax NVAX.O fall 23.3% to $5.18, following comments by Health Secretary Robert F. Kennedy Jr. about the company's COVID-19 vaccine in an interview with CBS

** Kennedy, in response to whether the the FDA delay in traditional approval of the vaccine was due to reshuffling of staff at the agency, points to the shot's single antigen composition

** "We're looking at that vaccine, and it is a single-antigen vaccine. And, for respiratory illnesses, the single antigen vaccines have never worked," said Kennedy

** Novavax did not immediately respond to Reuters request for comment

** It said last week that the FDA had missed the deadline for traditional approval of the shot, saying that it had responded to all of the FDA's information requests as of April 1 and it believes its application is "ready for approval"

** Including session moves, stock down 35.5% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10