Novavax Inc s chief executive said on Monday its COVID-19 vaccine could be cleared for use in the United States as soon as May if U.S. regulators authorize it based on data from the company s British trial, which could be completed as soon as April.
Novavax can already manufacture its shots at scale and will be able to have tens of millions of doses stockpiled and ready to ship in the United States when it receives authorization, Chief Executive Stanley Erck said.
It will be substantial - in the many tens of millions or a hundred million, Erck said in an interview.
Novavax had promised to deliver 110 million doses to the U.S. government by the end of the third quarter. That could happen as early as July, Erck said.
The timeline for U.S. authorization would get pushed back to June or July if regulators choose to wait for Novavax to complete its U.S.-based trial before reviewing the vaccine, he said.
Novavax on Monday reported that its net loss widened to $177.6 million, or $2.70 per share, in the fourth quarter, from $31.8 million, or $1.13 per share a year earlier.
Boosted by vaccine business, revenue rose to $279.7 million from $8.8 million a year earlier.
Novavax promised to deliver doses to the United States after it was awarded $1.6 billion to help finance research, development and production of a COVID-19 vaccine.
An early data readout in January from its UK trial showed the vaccine to be around 96% effective against the original version of the coronavirus and around 86% effective against the now widely circulating variant first discovered in Britain.
Novavax completed enrollment of its 30,000-subject U.S.-based trial in February. REUTERS
Wednesday 21 April 2021
todayonline - 2 month ago
Novavax COVID-19 shot could be cleared for U.S. use as early as May: CEO


Foreign brides are getting older and more educated: MSF data released for the first time
- straitstimes
PRA Health Sciences expands its response to COVID-19 with pharmacovigilance solutions for authorized vaccines and therapeutics
- asiaone
Chinese envoy was staying at bombed hotel in Pakistan but not present when hit: Pakistan minister
- todayonline
Chinese envoy was staying at bombed hotel in Pakistan but not present when hit - Pakistan minister
- todayonline
11 more Covid-19 cases detected at Westlite Woodlands hundreds to be moved to quarantine facility
- straitstimes
3 months jail for man who set fire to Hotel 81 towels after being rejected when trying to book room for 3
- mothership
S pore woman allegedly told to wear t-shirt as swimsuit too revealing for other fathers at swim school
- mothership
Opus One Solutions’ GridOS® Platform to Prepare Singapore for a Renewable Energy Future for a Low Carbon Economy
- asiaone
U.S. imposes new Myanmar sanctions, targets two state-owned enterprises -Treasury website
- todayonline
S.Korean police want to question Belgian ambassador s wife after store incident prompts anger
- todayonline
South Korean police want to question Belgian ambassador s wife after store incident prompts anger
- todayonline
Sole Covid-19 community case in S pore is systems engineer at Parkway Pantai healthcare group
- straitstimes
Fatal accident sparks fresh calls to ban ferrying of construction workers on lorries, install seat belts
- todayonline
Bombardier’s Worldwide Network of Line Maintenance Stations Expands to its Tenth Location – Geneva, Switzerland
- asiaone
Russian billionaire s son helped father hide wealth in record UK divorce case, court rules
- todayonline