Markets

Novavax Reports Positive Phase 1 Data For NVX-CoV2373 - Quick Facts

(RTTNews) - Novavax, Inc. (NVAX) said, NVX-CoV2373, the company's recombinant COVID-19 vaccine candidate adjuvanted with Matrix-M, was generally well-tolerated and elicited robust antibody responses numerically superior to that seen in human convalescent sera in phase 1 portion of the Phase 1/2 clinical trial. The study was conducted in 131 healthy adults ages 18-59 years. All subjects developed anti-spike IgG antibodies after a single dose of vaccine, many of them also developing wild-type virus neutralizing antibody responses, and after dose 2, 100% of participants developed wild-type virus neutralizing antibody responses.

"The Phase 1 data demonstrate that NVX-CoV2373 with our Matrix-M adjuvant is a well-tolerated COVID-19 vaccine with a robust immunogenicity profile," said Gregory Glenn, President, Research and Development at Novavax.

The trial was supported by funding from the Coalition for Epidemic Preparedness Innovations and was conducted at two sites in Australia.

Shares of Novavax were up more than 10% after hours.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NVAX

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More