Stock Market News
Novavax Covid Vaccine Takes Big Step Toward FDA Authorization
2022.06.07 22:45
By Yasin Ebrahim
Investing.com — Novavax (NASDAQ:NVAX) surged Tuesday after the drug maker’s two-dose Covid-19 vaccine took a huge step toward regulatory authorization in the U.S.
Novavax shares were temporarily halted following the news, but had been trading more than 6% higher earlier.
The Food and Drug Administration panel voted 22 to 0 with one abstention that the Covid-19 vaccine’s benefits outweigh its risks, paving the way for the drug to be cleared as soon as this week.
Before the vaccine becomes publicly available, it will also need to be reviewed by the Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices.
