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0.00111731843575417 -0.000558659217877182 0.00279329608938551 0.00949720670391051 0.00391061452513968 0.0223463687150837 0.0357430167597766 0.0497206703910615
Stock impact report

Novavax Grants License for Use of Matrix-M Adjuvant to Pfizer [Yahoo! Finance]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Yahoo! Finance
The collaboration highlights the growing recognition of Matrix-M's versatility and its potential role in supporting the development of innovative vaccines and therapeutics. Per the terms of the agreement, Novavax will receive an upfront payment of $30 million from Pfizer and is eligible to earn up to $500 million in potential development and commercial milestone payments. In addition, Pfizer will pay Novavax tiered, high, mid-single-digit royalties on net sales of any of its products incorporating Matrix-M adjuvant. Pfizer will take full responsibility for the development and commercialization of products using the adjuvant, while Novavax will supply Matrix-M. Over the past year, NVAX's shares have declined 7.1% against the industry's 15.1% rise. Image Source: Zacks Investment Research Matrix-M is Novavax's proprietary, saponin-based adjuvant technology designed to enhance and broaden immune responses to vaccines. It is currently utilized in a globally approved vaccine. Show less Read more
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