Novavax Sees Surge in Share Value Following Partnership Agreement with Sanofi

Friday, 10 May 2024, 09:00

Novavax's stock experienced a significant increase due to a new $1.4 billion deal with Sanofi. The collaboration aims to market Novavax's current COVID-19 vaccine and co-create a combined vaccine for COVID-19 and Influenza. This strategic partnership is expected to propel both companies forward in the competitive pharmaceutical landscape.

https://store.livarava.com/fa886ab3-0eab-11ef-a6c2-63e1980711b2.jpg — Novavax Sees Surge in Share Value Following Partnership Agreement with Sanofi

Novavax Shares Surge with Sanofi Deal

The recent agreement between Novavax and Sanofi has led to a considerable rise in Novavax's stock value. This collaboration entails the commercialization of Novavax's already existing COVID-19 vaccine, along with mutual efforts to develop a new combined vaccine that targets both COVID-19 and Influenza.

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