The U. S. Food and Drug AdministrationIt on Wednesday legalized the use of Novavax Inc. ‘s COVID-19 vaccine, paving the way for a vaccine whose more classic generation has raised hopes of greater acceptance among vaccine skeptics.
Novavax shares rose 1. 3% to $70. 89 after its two-dose vaccine, the fourth COVID vaccine, is legal for use in adults in the United States.
The U. S. Centers for Disease Control and Prevention (CDC)The U. S. centers have not yet approved the use of the vaccine before it can be distributed to people.
A CDC advisory panel on vaccines is expected to meet Tuesday, but the timeline has not yet been released.
Earlier this week, the U. S. governmentsaid it had received 3. 2 million doses of the Novavax vaccine, which it plans to receive once the company completes quality testing in the coming weeks.
More than two-thirds of the U. S. population. The U. S. has been vaccinated with injections from Moderna Inc, Pfizer-BioNTech or Johnson
U. S. Health Officials Other people who have decided not to take the vaccine from Pfizer and Moderna, which are based on revolutionary messenger RNA (mRNA) technology, will opt for Novavax’s protein-based vaccine.
The vaccine, already approved in Europe, is a generation that has been used for decades to fight diseases such as hepatitis B and influenza.
“Today’s approval provides adults in the United States who have not yet won a COVID-19 vaccine option that meets rigorous FDA standards,” FDA Commissioner Robert Califf said in a statement.
In Europe, however, demand for the vaccine has not been particularly high, with around 242,000 doses of the vaccine administered since its launch in December, pushing Novavax to more in low-income countries.
The company’s initial application for vaccine authorization in the U. S. UU. se delayed by about a year due to progression and production issues, making it a expired participant in the domestic COVID vaccine market.
Novavax has forecast between $4 billion and $5 billion in sales this year. Analysts expect sales at the lower end of that range, according to Refinitiv.
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Editor-in-Chief: LE THE CHU Publication 1332/BTTTT-PTTH