Novavax's stock soared 5.34% in pre-market trading on Monday, following positive momentum in the vaccine sector.
The surge appears to be part of a broader rally among vaccine makers, with Moderna's shares also climbing premarket after the company reported preclinical research on hantaviruses in collaboration with the U.S. Army Medical Research Institute of Infectious Diseases. Moderna also has a research agreement with Korea University to develop an mRNA-based vaccine for hantavirus.
This positive development for Moderna has created bullish sentiment across the vaccine sector, benefiting other companies like Novavax and Inovio, which also saw pre-market gains.
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