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Why Novavax Stock Is Jumping Today

TheMotleyFool

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Shares of Novavax (NASDAQ: NVAX) were jumping 9.7% as of 10:48 a.m. EDT on Thursday. There were a couple of catalysts for the stock.

Novavax and its partner, Serum Institute of India, announced Thursday morning that they have filed for World Health Organization emergency use listing of Novavax's COVID-19 vaccine. Also, data from a late-stage clinical study conducted in the U.K. of the vaccine were published in The New England Journal of Medicine. This data showed that Novavax's vaccine achieved an efficacy of 89.7%.

Image source: Getty Images.

Source Fool.com

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