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NOVAVAX, INC.

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Germany to receive 3.8 mln doses of Novavax's new COVID vaccine in Q1

01/25/2022 | 04:31am EDT

BERLIN, Jan 25 (Reuters) - Germany expects to receive 3.8 million doses of Novavax's newly approved COVID-19 vaccine Nuvaxovid by March 20, the health ministry said on Tuesday, as the government looks to persuade unvaccinated Germans to get a shot.

Germany will receive 1.4 million doses in the week of Feb. 21 and should receive the rest of the 3.8 million doses in the subsequent few weeks.

Novavax is expected to deliver 34 million doses to Germany this year. The shipment is a part of the U.S. drugmaker's deal to supply up to 200 million doses to the European Union's 27 member states.

Novavax's protein-based vaccine, which was approved by the European Medicines Agency (EMA) in December, uses alternative technology to the vaccines from Pfizer-BioNTech, , Moderna, AstraZeneca and J&J .

This could convince reluctant Germans, sceptical about the novel mRNA technology and its long-term effects, to take Novavax's more traditional vaccine and boost Germany's vaccination rate, which is lower than other western European countries.

Data from two large studies showed the vaccine has an efficacy rate of around 90% and the firm said early data showed it was effective in generating an immune response against the more infectious Omicron variant. (Reporting by Riham Alkousaa and Andreas Rinke; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
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ASTRAZENECA PLC 0.31% 10248 Delayed Quote.18.11%
BIONTECH SE 6.88% 167.87 Delayed Quote.-34.88%
MODERNA, INC. 4.12% 143.38 Delayed Quote.-43.55%
NOVAVAX, INC. 12.13% 58.43 Delayed Quote.-59.16%
PFIZER, INC. 0.50% 50.65 Delayed Quote.-14.23%
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Financials (USD)
Sales 2022 4 285 M - -
Net income 2022 1 969 M - -
Net cash 2022 2 508 M - -
P/E ratio 2022 2,45x
Yield 2022 -
Capitalization 4 565 M 4 565 M -
EV / Sales 2022 0,48x
EV / Sales 2023 0,38x
Nbr of Employees 1 541
Free-Float 99,0%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 58,43 $
Average target price 174,83 $
Spread / Average Target 199%
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Managers and Directors
Stanley C. Erck President, Chief Executive Officer & Director
James Patrick Kelly Chief Financial Officer, Treasurer & Executive VP
James F. Young Chairman
Gregory M. Glenn President-Research & Development
Biegie Lee Chief Information Officer & Senior Vice President
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