Novavax shares plunge after COVID-19 vaccine maker raises doubts over its future

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Civilization
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Novavax shares plunge after COVID-19 vaccine maker raises doubts over its future

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Novavax shares plunge after COVID-19 vaccine maker raises doubts over its future

https://globalnews.ca/news/9519872/nova ... -covid-19/

Novavax Inc.’s shares plunged to a three-year low on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business.

The American company had previously signed a deal with the federal government to produce COVID-19 vaccines in Montreal, and saw its stock fall as much as 28.3 per cent to US$6.64 as of 1:30 p.m. ET, while its Frankfurt-listed shares slumped nearly 30 per cent.

The company — which has its COVID-19 vaccine as the only marketed product after 35 years in business — on Tuesday flagged significant uncertainty around its 2023 revenue, funding from the U.S. government, and pending arbitration with global vaccine alliance Gavi.
A civilization is any complex society characterized by the development of the state, social stratification, urbanization, and symbolic systems of communication beyond natural spoken language (namely, a writing system).
xkhan
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Re: Novavax shares plunge after COVID-19 vaccine maker raises doubts over its future

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xkhan
Posts: 9965
Joined: Sun Sep 29, 2024 7:06 am

Re: Novavax shares plunge after COVID-19 vaccine maker raises doubts over its future

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