Novavax stock edges up premarket as Pfizer Matrix‑M pact puts $530 million-plus in play
Novavax shares rose nearly 1% in premarket trading Wednesday after Pfizer agreed to license its Matrix-M vaccine adjuvant for up to two infectious disease programs. Pfizer will pay $30 million upfront, with potential milestones and royalties. The deal took effect January 15. Investors are pushing for more details on additional licenses and upfront payments for Q1.