Novavax surges 10% after it begins phase 3 trial of COVID-19 vaccine | Markets Insider

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Novavax surges 10% after it begins phase 3 trial of COVID-19 vaccine

Novavax, in partnership with the UK Government's Vaccines Taskforce, will enroll up to 10,000 individuals in the trial over the next 4 to 6 weeks.

Investors are likely putting more focus on successful COVID-19 vaccine developments after stocks took a hit this week, partly due to a steady uptick in COVID-19 cases across the globe. According to the company, it continued to scale up manufacturing capacity, and will be able to produce up to 2 billion annualized doses by mid-2021.

 

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