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0.00101936799184503 0 0 0.0030581039755351 0.00917431192660549 0.00203873598369007 -0.0152905198776759 -0.0295616717635067
Stock impact report

UPDATE 4-Shah Capital urges Novavax shareholders to vote against three directors [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
to vote against the re-election of three directors and proposals related to executive compensation, weeks after pushing for a board shakeup at the COVID-19 vaccine maker. Shah Capital, the biotech's third-largest shareholder with a near 7.5% stake, reiterated that the company was "undervalued and continues to suffer from poor profitability". Novavax last year had raised doubts about its ability to remain in business, hurt by manufacturing snags and regulatory hurdles that delayed the entry of its protein-based vaccine to the market. Last month, Shah Capital had expressed concerns over mismanagement at the Maryland-based biotech and urged it to adopt a marketing strategy to target consumers who are hesitant to receive mRNA vaccines. Shah Capital had previously said it plans to put forward two of its own candidates for appointment to Novavax's board, but did not formally submit any nominations. Novavax said in a proxy filing last week that it had not received any valid nominat Show less Read more
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