Why Novavax Stock Is Jumping Again Today
Another day, another solid gain for Novavax (NASDAQ: NVAX). Shares of the vaccine maker were jumping 6.7% as of 11:09 a.m. ET on Friday. The increase came after Novavax and its partner, the Serum Institute of India (SII), announced that the World Health Organization had granted Emergency Use Listing (EUL) to Novavax's NVX-CoV2373 COVID-19 vaccine.
Novavax and SII announced in February that they plan to supply 1.1 billion doses of NVX-CoV2373 to the COVID-19 Vaccines Global Access (COVAX) Facility, which is a global initiative to provide COVID vaccines to low- and middle-income countries across the world.
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Source Fool.com
