Novavax Stock Jumps As Pfizer Deal Cash Puts Vaccine Turnaround Back In Focus
Novavax surged roughly 13% by Friday afternoon, building on gains after its quarterly results. The vaccine manufacturer topped first-quarter revenue expectations, driven more by licensing and supply agreements than any recovery in COVID-19 vaccine demand. Shares were changing hands at $10.45, with intraday volume topping 8.4 million, market data showed.