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Novavax Sells 60 Million Doses of Its Coronavirus Vaccine to the U.K. Government

As part of the agreement, Novavax agreed to create a dedicated supply chain in the U.K. for the production of that country's order. The company will be required to deliver those 60 million doses to the U.K. government before using that supply chain to fulfill orders for any other parties unless the U.K. government gives it permission. Once the initial order is fulfilled, Novavax will be able to take orders from other parties using that portion of its production capacity, but the U.K. government will retain the right to request additional batches to match the third-party sales on a pro-rata basis.

Motley Fool - October 29, 2020

View the full story here: https://www.fool.com/investing/2020/10/29/novavax-sells-60-million-doses-of-its-coronavirus/