Novavax falls after report FDA demands new trial for COVID vaccine
ReutersApr 25, 2025 7:46 PM
Shares of vaccine maker Novavax NVAX.O fall 6.6% to $6.61 in afternoon trading
US FDA is asking Novavax to conduct an additional clinical trial for its COVID-19 vaccine, despite previous 90% efficacy results, the Wall Street Journal reports, citing people familiar with the matter
The request came after appointees under Health Secretary Robert F. Kennedy Jr. intervened in the approval process - WSJ
Novavax did not immediately respond to a Reuters request for comment
On Wednesday, NVAX said US FDA asked the company to produce more data on its COVID-19 vaccine if it gets full approval
Including session's moves, stock down 12.3% YTD
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