Novavax: Reasons To Believe Company Will Deliver Best-In-Class COVID-19 Vaccine
(Seeking Alpha - Edmund Ingham)
Summary:
Novavax's share price has risen from $4, to $181 in 2020, and is now in decline, trading at $99.7 at the time of writing.
The company's promising SARS-Cov-2 vaccine has produced some of the most positive data to date, and Novavax has secured ~$2bn in development funding.
I put the share price decline down to the recent progress of treatments developed by pharmas GSK, AZN, and PFE, plus less favourable treatment from Operation Warp Speed.
I believe Novavax can secure approval for its COVID-19 vaccine, given its learnings from developing 2 late-stage vaccines for RSV and Flu, and expect to see its shares trade above $160 before the end of the year.
The longer-term downside case is severe, despite the RSV and flu opportunities, but I would not expect to see NVAX drop below $80 in 2020.
seekingalpha.com/article/...st-in-class-covidminus-19-vaccine
(Seeking Alpha - Edmund Ingham)
Summary:
Novavax's share price has risen from $4, to $181 in 2020, and is now in decline, trading at $99.7 at the time of writing.
The company's promising SARS-Cov-2 vaccine has produced some of the most positive data to date, and Novavax has secured ~$2bn in development funding.
I put the share price decline down to the recent progress of treatments developed by pharmas GSK, AZN, and PFE, plus less favourable treatment from Operation Warp Speed.
I believe Novavax can secure approval for its COVID-19 vaccine, given its learnings from developing 2 late-stage vaccines for RSV and Flu, and expect to see its shares trade above $160 before the end of the year.
The longer-term downside case is severe, despite the RSV and flu opportunities, but I would not expect to see NVAX drop below $80 in 2020.
seekingalpha.com/article/...st-in-class-covidminus-19-vaccine