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Why Novavax Stock Surged Today

TheMotleyFool

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Why Novavax Stock Surged TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Novavax (NASDAQ: NVAX) jumped on Tuesday on news of a major supply deal with the Japanese government. By the close of trading, the biotechnology company's stock price was up 7.6%.

Japan's Ministry of Health, Labour, and Welfare will buy 150 million doses of Novavax's COVID-19 vaccine candidate, subject to regulatory approval. The financial terms of the agreement were not disclosed.

Novavax struck a sizable coronavirus vaccine supply deal with Japanese health officials. Image source: Getty Images.

Source Fool.com

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