Sunday, October 19, 2025
INBV News
Submit Video
  • Login
  • Register
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
INBV News
No Result
View All Result
Home Health

Novavax shares plunge as company says FDA put hold on two shots

INBV News by INBV News
October 17, 2024
in Health
382 16
0
Novavax shares plunge as company says FDA put hold on two shots
548
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

A medical expert prepares a dose of the Novavax vaccine because the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands.

Patrick Van Katwijk | Getty Images

Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a mixture shot targeting Covid and influenza and a stand-alone flu vaccine, sending the corporate’s shares down sharply. 

The biotech company’s stock fell nearly 20% on Wednesday. The so-called clinical hold is as a result of a single report of nerve damage in a patient who received the mixture shot in a phase two trial that finished in July last yr. 

A clinical hold is an order issued by the FDA to a manufacturer to delay or suspend a proposed clinical investigation on a drug.

It’s unclear if the pause will impact Novavax’s ability to start out and release data on phase three trials on those vaccines. Still, it appears to be a setback for the biotech company, which is scrambling to bring recent products to market as demand for its Covid vaccine plummets worldwide.

Novavax said it was working with the FDA to resolve the clinical hold on its combination shot and stand-alone flu vaccine. The corporate said other trials of its Covid and flu shots had not shown any safety concerns related to the sort of nerve damage reported within the patient. 

Novavax said it doesn’t imagine there’s a longtime connection that the vaccine had caused the nerve damage within the patient, but said it’s working to offer more information to the FDA. 

More CNBC health coverage

“Our goal is to successfully resolve this matter and to start out our Phase 3 trial as soon as possible,” Dr. Robert Walker, Novavax’s chief medical officer, said in a release. 

Public health officials see Novavax’s protein-based Covid vaccine as a priceless alternative for individuals who don’t desire to take mRNA shots from Pfizer and Moderna, which use a more recent vaccine method to show cells make proteins that trigger an immune response against Covid.

Novavax’s shot, meanwhile, fends off the virus with protein-based technology, a decades-old method utilized in routine vaccinations against hepatitis B and shingles.

Don’t miss these insights from CNBC PRO

RELATED POSTS

Eli Lilly Novo Nordisk stock fall on Trump GLP-1 price comments

Genentech launches direct to consumer program for flu pill Xofluza

0

Do you believe most people eat a healthy diet?

Tags: CompanyfdaholdNovavaxplungePutsharesshots
Share219Tweet137
INBV News

INBV News

Related Posts

edit post
Eli Lilly Novo Nordisk stock fall on Trump GLP-1 price comments

Eli Lilly Novo Nordisk stock fall on Trump GLP-1 price comments

by INBV News
October 18, 2025
0

Shares of Eli Lilly and Novo Nordisk dropped Friday, after President Donald Trump said his administration goals to chop the...

edit post
Genentech launches direct to consumer program for flu pill Xofluza

Genentech launches direct to consumer program for flu pill Xofluza

by INBV News
October 17, 2025
0

An indication is posted in front of a Genentech office on June 12, 2025 in South San Francisco, California. Justin...

edit post
Trump pronounces efforts to expand access to IVF drugs

Trump pronounces efforts to expand access to IVF drugs

by INBV News
October 17, 2025
0

US President Donald Trump makes an announcement within the Oval Office of the White House in Washington, DC, on Oct....

edit post
We’re downgrading it, considering next move

We’re downgrading it, considering next move

by INBV News
October 16, 2025
0

Shares of Abbott Laboratories fell 3% on Wednesday after the diversified health-care company delivered one other less-than-stellar quarter. Revenue within...

edit post
DuPont prepares to spinoff electronics. What investors get with the remaining firm

DuPont prepares to spinoff electronics. What investors get with the remaining firm

by INBV News
October 15, 2025
0

Earlier within the week, we checked out the upcoming DuPont electronics business spinoff and what investors are getting with the...

Next Post
edit post
Sotheby’s to auction painting by humanoid robot in a futuristic first

Sotheby's to auction painting by humanoid robot in a futuristic first

edit post
What causes overtourism? It isn’t people, it’s government mismanagement

What causes overtourism? It isn't people, it's government mismanagement

CATEGORIES

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

CATEGORY

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

SITE LINKS

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

[mailpoet_form id=”1″]

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

© 2022. All Right Reserved By Inbvnews.com

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream

© 2022. All Right Reserved By Inbvnews.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist