Posted on 07/07/2020 8:31:06 PM PDT by BeauBo
The award is the largest yet from Operation Warp Speed, the White House's plan to rapidly develop and deliver a viable vaccine for the coronavirus pandemic.
Part of the grant will fund a Phase 3 trial starting in the fall, according to a press release. Novavax also plans to use the award for delivering 100 million vaccine doses by the end of the year...
Novavax is among several biotech and pharmaceutical firms racing to introduce the first effective treatment for COVID-19. Moderna, Gilead, Johnson & Johnson, Pfizer, and Merck are just some of the other companies testing their own compounds. Markets are paying close attention, too. Positive trial news from leading candidates has typically lifted the stock market, while negative headlines drive mass selling.
The Operation Warp Speed award isn't Novavax's first from the US government. The Department of Defense granted $60 million to the biotech firm in June to help it produce 10 million doses of its NVX-CoV2373 vaccine in 2020.
Though Novavax is now the biggest beneficiary of the White House's coronavirus treatment plan, it's a late entry to the race. The company began human trials in May, well after rival firms started testing. Preliminary trial results are expected by the end of July, according to Tuesday's release, and Phase 2 trials are slated to begin soon after.
(Excerpt) Read more at msn.com ...
Aer the mask manufacturers still shoving money in Democrat Party pockets?
I never get the flu shot and I won’t get this.
As Max said in ‘Armageddon’:” “You stick me with that and I’m gonna stab you in the heart with it”
I owned that stock at $1.17. Sigh.
Ka-ching!!!!
Take solace in the fact that some well informed members of Congress did well on that stock.
Crony capitalism?
I had 2K shares and after a very bad broker experience, my acct was taken over by a new guy, who seemed like a total idiot. That was about 3 years ago. The stock was completely moribund, moved 3 cents up or down a day. He pounded me to own 10K shs while everyone was telling me the stock was a zero. That would be $1 MM, though I certainly would not have held it much past 50x. If anywhere near even that.
At some point, soon, may be good short.
Opinion | How Long Will a Vaccine Really Take? - The New York Times
https://www.nytimes.com/interactive/2020/04/30/opinion/coronavirus-covid-vaccine.html
“Crony capitalism?”
I think that it is really just the Government funding every credible contender, rather than waiting for certain results - throwing money at the problem, to buy time. Some of these bets will pay off, and all would be much cheaper than another lock down.
This company is supposed to get the results of their current phase of testing this month. My guess is that rather than wait for the report to cleaned up and staffed, the Government had folks watching over their shoulders, in the interest of max speed (I mean Warp Speed). Probably just as soon as it looked like the results were heading in the right direction, they turned on the money spigots to start ramping up.
These companies are high risk/high reward bets.
If their experiment is successful, they skyrocket, if not, they tank.
yup
dont get flu shots either, and i dont catch the flu. i take preventatives every day. and rational precautions in the winter.
Want to get whacked like Seth Rich ? Actively try to find out recent history of what our Senators stock trades were and when....
“Operation Warp Speed, the White House’s plan to rapidly develop and deliver”
—
If it’s “Warp Speed”, I’d hate to see “slow” speed. The Indian government said they want a vaccine ready to be deployed by August 15th.
https://theprint.in/health/all-about-bharat-biotechs-covaxin-indias-first-indigenous-covid-vaccine-candidate/455028
Think Fauci is a major stock holder???
Fauci more than likely has a "welcome" doormat out for EVERYONE working on such a vaccine.
BOOKMARK
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.