Novavax's Future Hinges On Sanofi Deal And Upcoming Milestones
Summary
- Novavax has secured a transformative partnership with Sanofi, which includes $1.2 billion in potential payments and critical commercial support.
- The company’s COVID-19 vaccine targets the JN.1 variant, but newer Omicron variants have outpaced it, limiting competitive advantage.
- Financial stability hinges on achieving key milestones in the Sanofi partnership and successful commercialization of new vaccines.
- Despite the Sanofi deal, maintaining a "hold" position is prudent given the high-risk nature of Novavax's future prospects.
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