Novavax’s Covid vaccine gets US FDA approval as booster dose for adults

The Food Administration in the United States has approved Novavax Inc’s Covid-19 vaccine as a booster dose for adults in the fight against the rapid spread of the coronavirus. The nod from the US FDA is set to reverse a trend in which the company’s stock reversed and rose more than 3%.

Notably, the authorization is for those who cannot receive the updated Omicron tailor-made boosters or who will choose not to receive any other booster doses.

Novavax’s vaccines are based on an older technology that has been used for decades against diseases including hepatitis B and influenza.

Wednesday’s decision is in addition to allowing the earlier use of the protein-based vaccine as a primary two-shot regimen for people 12 years of age and older.

Government authorities hope that the footage will gain wider acceptance among vaccine skeptics, who are reluctant to capture from Pfizer and Moderna, who have used mutant messenger RNA technology break.

NovavaxHowever, it has struggled to boost sales of the vaccine and in August halved its full-year revenue forecast, saying it did not expect more sales of the vaccine. in the United States this year.

According to CDC data, only about 35,000 doses of the vaccine have been used across the United States since the company initially received regulatory approval in July.

However, more than half of the population in the United States eligible for the booster is still not using it, according to the data.

“Offering another vaccine option could help increase rates of COVID-19 booster immunization for these adults,” Novavax CEO Stanley Erck said in a statement.

The World Health Organization gave the green light to its Emergency Use List for nine Covid-19 vaccines and variants – Pfizer/BioNTech, AstraZeneca, Janssen, Moderna, Sinovac, Sinopharm, Bharat Biotech, Novavax and CanSinoBIO.

Meanwhile in India, Novavax, made by India’s Pune-based Serum Institute, said that its two large phase 3 trials of its COVID-19 vaccine have shown a high level of protection against infection. mild, moderate and severe infections.

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