Novavax, Inc. Stock Jumps: Why Pfizer’s Matrix-M Deal Drove a Surprise Q1 Revenue Beat
Novavax Inc. shares climbed as the vaccine maker’s first-quarter revenue topped Wall Street forecasts, lifted not by COVID-19 shot demand but by licensing and supply payments linked to its vaccine technology. Revenue came in at $139.5 million, Reuters said, beating analysts’ $78.3 million estimate from LSEG data.
