The U.S. Food and Drug Administration on Wednesday authorized Novavax Inc's COVID-19 vaccine as a booster for adults, helping the company's shares reverse course and rise more than 3%.
Signage is seen outside of the Food and Drug Administration headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoCOVID-19 vaccine as a booster for adults, helping the company's shares reverse course and rise more than 3%.
The U.S. Centers for Disease Control and Prevention will now have to recommend use of the vaccine as a booster.Wednesday's decision is in addition to the earlier clearance for the protein-based vaccine as a primary two-shot regimen for those 12 years and above. Government authorities hoped that the shot would find wider acceptance among vaccine skeptics who were unwilling to take shots from Pfizer and Moderna
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