Novavax Underdelivers on Covid Vaccine Promises

Reuters2022-02-08

(Reuters) - Novavax Inc has delivered just a small fraction of the 2 billion COVID-19 shots it plans to send around the world in 2022 and has delayed first-quarter shipments in Europe and lower income...

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Comments

Fabianhuat
2022-02-09
Fabianhuat
SCAM this Reuters CEO is a investor of prizfer Loll Conflict of interest
vic78
2022-02-09
vic78
[Happy]
HeroSmurf
2022-02-08
HeroSmurf
Thankfully sold all yesterday. Good chance to buyback :))
dzgunners95
2022-02-08
dzgunners95
Nice
janelie
2022-02-08
janelie
Time to buy $Novavax(NVAX)$
Jontrade
2022-02-08
Jontrade
Oh no....shorting target

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Riley Securities.Novavax is expected to earn around $5 billion in 2022 from COVID-19 vaccine sales, according to Refinitiv data.Its two-dose vaccine has been authorized by WHO and European Union regulators, as well as countries including India, Indonesia and the Philippines.Trial data has shown the vaccine is more than 90% effective in preventing severe illness and death.Low- and middle-income countries will feel the pinch the most if Novavax is missing planned shipments, said Stephen Morrison, the director of the global health policy at Washington D.C. research group Center for Strategic and International Studies. \"It's going to be painful for COVAX and painful for its bilateral partners.\"Novavax began delivering Serum Institute-produced doses to Indonesia late last year.Although India has said Serum Institute shipped around 10 million shots to Indonesia in November and December, an Indonesian official who declined to be named said the country has received only around 200,000 doses. The Indian government has cleared 20 million Serum shots to be shipped to Indonesia, Novavax said.RENEGOTIATING ITS CONTRACTA Philippines official said the country has not received any of the 30 million shots it ordered.The Philippines is renegotiating its contract and considering reducing its order from Novavax, in part because it has 96 million vaccine doses in its national stockpile, said Vaccination Secretary Carlito Galvez, head of COVID-19 vaccine procurement for Philippines. The country has authorized nine COVID vaccines.Novavax did not comment on the Philippines deliveries or new contract.Novavax had said it would roll out shots in Europe by January but that has been delayed, the company spokesperson said. The initial shipments from Serum Institute were delivered to its distribution facility in the Netherlands and are awaiting final regulatory clearance for release, she said.At least two EU countries have pushed back their planned timelines for administering Novavax shots as a result, a person familiar with the matter said.Novavax has had difficulty getting the final regulatory nod because it has yet to provide sufficient information about batches produced in India, a person familiar with discussions between Novavax and EU officials said. Under the EU deal, initial supplies to the bloc would come from India.Dutch health authority RIVM, which is tasked with clearing the batches, declined to comment on the reason for the timing but said the vaccine will be available from early March.“We expect to ship as soon as the testing and release is complete and we are working to make that happen as quickly as possible,” the Novavax spokesperson said.The UK approved Novavax’s shot on Feb. 3, but the drugmaker has not said when it will begin distributing doses there.Novavax filed for U.S. authorization late last month, almost a year after it had originally planned to do so.Peter Shapiro, a pharmaceutical industry analyst at GlobalData, said: “The question is whether these manufacturing and logistics issues are going to get better with time.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9096636715,"gmtCreate":1644370696121,"gmtModify":1676533918154,"author":{"id":"3574844801688156","authorId":"3574844801688156","name":"Fabianhuat","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"SCAM this Reuters CEO is a investor of prizfer&nbsp;Loll Conflict of interest&nbsp;","listText":"SCAM this Reuters CEO is a investor of prizfer&nbsp;Loll Conflict of interest&nbsp;","text":"SCAM this Reuters CEO is a investor of prizfer Loll Conflict of interest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096636715","repostId":2209058873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096839278,"gmtCreate":1644359460464,"gmtModify":1676533915353,"author":{"id":"3584874174562489","authorId":"3584874174562489","name":"vic78","avatar":"https://static.tigerbbs.com/d4dc3bd30cec435b0345175f72eeb4dc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096839278","repostId":2209058873,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096194910,"gmtCreate":1644325185459,"gmtModify":1676533912659,"author":{"id":"3585642689958579","authorId":"3585642689958579","name":"HeroSmurf","avatar":"https://static.tigerbbs.com/6015b234d96461c6ef8db8d919ac3473","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Thankfully sold all yesterday. Good chance to buyback :))","listText":"Thankfully sold all yesterday. Good chance to buyback :))","text":"Thankfully sold all yesterday. Good chance to buyback :))","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096194910","repostId":2209058873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096192004,"gmtCreate":1644324703030,"gmtModify":1676533912417,"author":{"id":"3563319809929304","authorId":"3563319809929304","name":"dzgunners95","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096192004","repostId":2209058873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096104347,"gmtCreate":1644322899046,"gmtModify":1676533912232,"author":{"id":"3579574135370824","authorId":"3579574135370824","name":"janelie","avatar":"https://static.tigerbbs.com/f929201b4c664d977cd55eb2e9c16841","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Time to buy&nbsp;<a href=\"https://ttm.financial/S/NVAX\">$Novavax(NVAX)$</a>","listText":"Time to buy&nbsp;<a href=\"https://ttm.financial/S/NVAX\">$Novavax(NVAX)$</a>","text":"Time to buy $Novavax(NVAX)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096104347","repostId":2209058873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096102244,"gmtCreate":1644322404114,"gmtModify":1676533912201,"author":{"id":"4092282490520410","authorId":"4092282490520410","name":"Jontrade","avatar":"https://community-static.tradeup.com/news/5767f142105b88991718ef0695bf89df","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Oh no....shorting target","listText":"Oh no....shorting target","text":"Oh no....shorting target","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096102244","repostId":2209058873,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":52,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2209058873"}