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Novavax shares jump as FDA panel backs COVID vaccine

Shares of Novavax Inc surged nearly 20% on Wednesday after advisers to the Food and Drug Administration overwhelmingly backed the use of its COVID-19 vaccine, bringing the shot a step closer to a U.S. launch. The stock tumbled about 20% on Friday after the heath regulator's reviewers flagged concerns of a type of heart inflammation following the vaccination, adding uncertainty over the outcome of Tuesday's meeting.

Reuters - June 8, 2022

View the full story here: https://www.reuters.com/business/healthcare-pharmaceuticals/novavax-shares-jump-fda-panel-backs-covid-vaccine-2022-06-08/