Why Is Novavax (NVAX) Stock in the Spotlight Today?

  • Novavax (NVAX) stock is moving Wednesday after releasing clinical trial data.
  • This covers the company’s Covid-19 vaccine.
  • The new data shows the vaccine’s effectiveness as a booster as well as against variants.
Novavax (NVAX stock) Covid-19 vaccine Nuvaxovid; Original vaccine vial standing right next to the box in front of white background

Source: cortex-film / Shutterstock.com

Novavax (NASDAQ:NVAX) stock is on the move Wednesday following positive data from its Phase 3 PREVENT-19 trial and Study 307.

Both of these cover the use of the company’s Covid-19 vaccine in development. In this case, NVX-CoV2373 was able to meet the endpoints of both the Phase 3 PREVENT-19 trial and Study 307 tests.

The data from the PREVENT-19 trial shows that Novavax’s Covid-19 vaccine was effective at increasing antibody levels as a booster in already vaccinated adults. It was also effective against the omicron BA.1, BA.2 and BA.5 variants.

In addition to that, PREVENT-19 was expanded to include pediatric patients between 12 and 17 years old. Yet again, the vaccine was found effective as a booster and for combating Covid-19 variants.

NVAX Stock and Study 307 Results

Study 307 covers “lot consistency” of the NVX-CoV2373 vaccine. The results were positive with consistent responses seen in patients ages 18 to 49 years. Anti-S IgG titers were also consistent with data from the PREVENT-19 clinical trial. Finally, safety results were consistent across lots.

It doesn’t stop there, however. While the data shows that Novavax’s vaccine is effective as a booster, it could also treat more variants of Covid-19. The company is currently testing the vaccine against the BA.4/5 variants and intends to share that data in the future.

NVAX stock is down slightly as of Wednesday morning.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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