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Novavax ends COVID vaccine sale agreement with Gavi

Novavax Inc said on Monday it had delivered a written notice to Gavi, the Vaccine Alliance, terminating with immediate effect an agreement for the sale of the company's COVID-19 vaccine to low- and middle-income countries. The company cited Gavi's failure to procure the 350 million doses it had agreed to buy in May last year for the COVAX facility. The COVAX facility is a joint program between Gavi, the World Health Organization (WHO) and the Coalition for Epidemic Preparedness Innovations for the equitable distribution of COVID vaccines in poorer countries.

Reuters - November 22, 2022

View the full story here: https://www.reuters.com/business/healthcare-pharmaceuticals/novavax-ends-covid-vaccine-sale-agreement-with-gavi-2022-11-21/