Why Novavax Stock Is Sinking Today | 02.03.21 | finanzen.at

+++ ₿₿ +++ Handeln Sie mit Kryptowährungen mit Hebel - Jetzt mehr erfahren!** +++ ₿₿ +++-w-
02.03.2021 17:07:00

Why Novavax Stock Is Sinking Today

Shares of Novavax (NASDAQ: NVAX) were 9.9% lower as of 10:31 a.m. EST on Tuesday. The decline came after the company provided its fourth-quarter update following the market close on Monday. Novavax reported revenue of $279.7 million, the highest total in the company's history. However, its net loss of $177.6 million was the worst ever for the biotech. Both top and bottom lines missed Wall Street estimates.Some investors might have also been hoping that Novavax would have great news about the prospects of filing for emergency use authorization (EUA) for COVID-19 vaccine NVX-CoV2373 based on U.K. trial data. But the company only said that it's continuing to talk with the U.S. Food and Drug Administration and plans to file for EUA sometime in the second quarter. Continue reading
Weiter zum vollständigen Artikel bei "MotleyFool"