Novavax cut about $50 million in costs in the first quarter of 2023 and plans to slash more, Chief Executive John Jacobs said in an interview on Wednesday.
- Novavax Inc cut about $50 million in costs in the first quarter of 2023 and plans to slash more, Chief Executive John Jacobs said in an interview on Wednesday.
Jacobs also said the company is in regular talks with the U.S. Food and Drug Administration over the potential design of its 2023 COVID-19 booster shot, and believes Novavax will have a new shot ready in time for the fall. The company’s stock plunged to a three-year low in March after the Maryland-based vaccine maker in late February raised doubts about its ability to remain in business, flagging uncertainty around its 2023 revenue, funding from the U.S. government, and pending arbitration with global vaccine alliance Gavi.
Jacobs said Novavax would seek funding for its COVID/influenza combination shot, including a potential partnership, depending on whether the upcoming data is positive.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Novavax cut $50 million in costs, plans to slash more, CEO saysNovavax Inc cut about $50 million in costs in the first quarter of 2023 and plans to slash more, Chief Executive John Jacobs said in an interview on Wednesday.
Leer más »
Samsung’s Galaxy A54 is already on sale with a $50 gift card at AmazonSamsung’s midrange A54 is already on sale with a $50 gift card at Amazon
Leer más »
LoFi and study for less with $50 off these AirPods Pro earbudsThese AirPods Pro only launched a few months ago, but they're reduced by 20% at Amazon.
Leer más »
This smart vacuum and mop is now $50 off in time for spring cleaningSuck up savings.
Leer más »
This Alexa-Ready Security Camera Is $50 Off TodayPlop one anywhere in your home to keep a closer eye on things while you’re away.
Leer más »