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0 0.00243902439024385 0.00121951219512192 0 -0.00121951219512192 0 0.0329268292682926 0.0823170731707316
Stock impact report

Pfizer and Novavax ink $530m vaccine delivery licensing deal [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
This agreement will see Pfizer hand over $30m upfront for the non-exclusive rights to Novavax's proprietary Matrix-M vaccine adjuvant, which is designed to boost and prolong the immune response when added to an injectable formulation. Pfizer will be wholly responsible for the development and commercialisation of any vaccine products created using Matrix-M while Novavax will be responsible for the manufacturing and supply of the adjuvant to Pfizer. The deal will also entitle Novavax to receive up to $500m in development and sales milestones for any products containing Matrix-M, as well as tiered, high single-digit royalties on vaccines that incorporate the adjuvant. This marks a positive step forward for Novavax, which is homing in on Matrix-M as a core element of its future growth strategy , the company's CEO, John Jacobs, said at the 2026 J.P. Morgan Healthcare Conference. Thus far, Novavax has already inked deals with Sanofi and Takeda, as well as organisations like the Ser Show less Read more
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