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May 13, 2024, 5:37 PM
May 10, 2024, 6:00 AM
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Novavax Strikes Billion-Dollar Deal with Sanofi for Covid and Flu Shots

Sanofi French pharmaceutical company Novavax company in Gaithersburg, Maryland
Highlights
  • Novavax shares surged over 130% after signing a $1.4 billion deal with Sanofi for a combination Covid and flu shot.
  • The deal will allow Novavax to lift its 'going concern' warning, which was issued due to doubts about its survival.
  • This partnership is expected to have a significant impact on the pharmaceutical industry and the fight against Covid-19.

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