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NOVAVAX! JOHNSON & JOHNSON!


Joe

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2 hours ago, Air_Delivery said:

mRNA are still a bit more effective but the advantages of delivery that Novavax has should give Pfizer and Moderna real competition. 

The problem is that they are way behind. 


They aren’t at all more effective. These efficacy numbers are against the new variants. 

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WWW.CNBC.COM

Covid-19 vaccine maker Novavax on Tuesday raised doubts about its ability to remain in business and announced plans to slash spending.

 

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Covid-19 vaccine maker Novavax  on Tuesday raised doubts about its ability to remain in business and announced plans to slash spending as it works to prepare for a fall vaccination campaign.

 

The company said there is significant uncertainty around its 2023 revenue, funding from the U.S. government, and pending arbitration with global vaccine alliance GAVI. But its cash flow forecast indicates it has sufficient capital to fund operations over the next year.

 

The company lost $182 million, or $2.28 per share, in the fourth quarter on weaker-than-expected sales of $357 million. Analysts had expected sales of $383 million, according to Refinitiv data.

 

“If we execute on our operating plan, we’ll be in a very strong position not only at the end of this year, but going into next year,” Novavax’s new Chief Executive John Jacobs, who joined the company in late January, said in an interview. Novavax had $1.33 billion of cash on hand at the end of 2022.

 

However, Jacobs cautioned that there are risks in the near term to that operating plan, including the fact that protein-based vaccines like Novavax’s take longer to produce than their messenger RNA-based competitors.

 

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