Novavax
Novavax NASDAQNVAX shares are trading lower in the pre-market Tuesday after B. Riley slashed the price target for the Maryland-based COVID-19 vaccine maker to 203 from 250 per share.
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Novavax reported lighter-than-expected sales and profit from its protein-based Covid vaccine leading NVAX stock to crash on Tuesday.
. The vaccine uses older technology and could offer an. Erck said the Serum Institute recently passed an FDA inspection clearing the way for the agency to finish evaluating the vaccine. Novavax a small biotech company created the vaccine in its research lab but the Serum Institute of India the worlds largest vaccine maker and other factories produce the shots.
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