Novavax, Inc. (NVAX) is a biotechnology company that focuses on discovering, developing, and commercializing vaccines to prevent serious infectious diseases and address health needs. The stock has declined 72.2% over the past year to close its last trading session at $51.97.
After delaying for weeks, the U.S. Food and Drug Administration authorized NVAX’s two-dose vaccine for adults ages 18 and over earlier this month. This is the fourth COVID-19 shot getting emergency approval in the United States since the onset of the pandemic. However, shares of NVAX crashed despite the FDA’s authorizing its vaccine.
