Maryland Biotech Layoffs Add up to Historic Levels in 2023. Here are some resources to help.
Weekly Quick Hits (BioHealth Capital Region) – Week of May 8, 2023
Published on :Weekly Quick Hits (BioHealth Capital Region) – Week of May 8, 2023 By Sarah EllinwoodMay 12, 2023 Funding, Awards and Collaborations Maryland Stem Cell Research Commission (MSCRF) Announces Over $14 [….]
Novavax Pulls Trigger on Restructuring, Slashes 25% of Workforce
Published on :Novavax Pulls Trigger on Restructuring, Slashes 25% of Workforce By Alex KeownMay 9, 2023 Embattled by post-COVID-19 vaccine development headwinds, Novavax is slashing 25% of its workforce and consolidating its [….]
BioHealth Capital Region Q1 2023 News Recap – We Get Knocked Down, But We Get Up Again
Published on :BioHealth Capital Region Q1 2023 News Recap – We Get Knocked Down, But We Get Up Again By Sarah EllinwoodApril 11, 2023 Now that I got that 90s earworm in [….]
Weekly Quick Hits (BioHealth Capital Region) – Week of February 27, 2023
Published on :Here is some of the latest life science news out of the BioHealth Capital Region
Novavax Faces Uncertain Financial Future
Published on :Novavax Faces Uncertain Financial Future By Alex KeownMarch 1, 2023 Financial uncertainties are casting shadows on Novavax’s ability to continue operations due to changing markets related to the sale of [….]
Novavax Names John C. Jacobs as New President & Chief Executive Officer
Published on :Novavax Names John C. Jacobs as New President & Chief Executive Officer
Jan 9, 2023
Current President & CEO Stanley C. Erck will retire effective January 23 with plans to support the leadership transition in an advisory capacity
Novavax is well-positioned to execute on its strategy, with global authorizations for its COVID-19 vaccine and continued clinical pipeline development
GAITHERSBURG, Md., Jan. 9, 2023 /PRNewswire/ — Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, today announced that John C. Jacobs will succeed Stanley C. Erck as President and Chief Executive Officer and a member of the Board of Directors. The transition will be effective as of January 23, 2023. Mr. Erck will serve as an advisor to the Company for the next fifteen months to enable a smooth transition.
“As we prepare for Stan’s retirement, the Board reflects on the incredible legacy he leaves behind,” said James F. Young, PhD, Chairman of the Board of Directors. “Stan led Novavax from a clinical development organization to a global commercial vaccines company during a worldwide pandemic. This foundation puts Novavax in a strong position to execute on its long-term strategy, and we look…
FDA Authorizes Novavax COVID Vaccine for Adults
Published on :FDA authorizes Novavax Covid vaccine for adults as the first new shots in U.S. in more than a year
PUBLISHED WED, JUL 13 20224:24 PM EDTUPDATED WED, JUL 13 20224:48 PM EDT
Spencer Kimball
@SPENCEKIMBALL
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KEY POINTS
FDA authorization of Novavax’s vaccine was delayed for weeks as the agency reviewed changes to the company’s manufacturing process.
The Novavax shot is based on more conventional protein technology used for decades in hepatitis B and HPV vaccines, while Pfizer and Moderna are the first FDA approved vaccines to use mRNA.
Novavax was one of the original participants in the U.S. government’s race to develop a Covid vaccine in 2020, receiving $1.8 billion in taxpayer funding from Operation Warp Speed.
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NVAX
-4.20 (-6.00%)
In this photo illustration the Food and Drug Administration (FDA) and Novavax logos are seen behind a medical syringe and vials.
Pavlo Gonchar | LightRocket | Getty Images
The Food and Drug Administration has authorized Novavax’s two-dose vaccine for adults ages 18 and over, the fourth Covid shot to get emergency approval in the U.S. since the pandemic began.
The…
FDA Advisors Vote 21-0, with One Abstention, to Authorize Novavax’s Covid-19 Vaccine to be the Fourth US Option
Published on :A panel of FDA’s outside experts recommended 21 to 0, with one member abstaining, that the agency give emergency use authorization for Novavax’s two-dose Covid-19 vaccine for people aged 18 years and older.
The advisors’ vote of confidence was delivered days after the FDA’s scientists determined the vaccine to be effective but with the caveat of potential rare heart inflammation. Last autumn, pre-Omicron, the vaccine was found to have a 90.4% efficacy in a trial comprising 17,272 people given a vaccine and 8,385 people given a placebo.
“The Advisory Committee’s positive recommendation acknowledges the strength of our data and the importance of a protein-based COVID-19 vaccine developed using an innovative approach to traditional vaccine technology,” CEO Stanley Erck said in a statement. “We have heard in today’s VRBPAC meeting the significant support for our vaccine from physicians, healthcare organizations, and consumers who are eagerly anticipating a protein-based vaccine option. We look forward to the FDA decision.”
Initial Results from Novavax’ COVID-19-Influenza Vaccine Trial are First to Show Feasibility of Combination Vaccine
Published on :Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, today announced initial results from the Phase 1/2 clinical trial of its COVID-Influenza Combination Vaccine (CIC). The CIC combines Novavax’ COVID-19 vaccine, NVX-CoV2373, and its quadrivalent influenza vaccine candidate. The CIC trial demonstrated that formulating the combination vaccine is feasible, well-tolerated and immunogenic.