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Novavax shares dropped another 4% in premarket trading

Tiger Newspress2021-12-28

Novavax shares dropped another 4% in premarket trading.The stock plunged nearly 11% yesterday.

Why Novavax Stock Is Sinking

The company didn't announce any new developments. So what's behind the big decline?

Other vaccine stocks aren't falling nearly as much. Some were even up a little. That rules out the likelihood that declining concerns about the omicron variant played a major factor behind Novavax's drop.

Instead, investors are probably growing more anxious about Novavax's planned filing for U.S. Emergency Use Authorization (EUA) of it COVID-19 vaccine NVX-CoV2373. Some investors could also be worried about the quality of Novavax's submission to the Food and Drug Administration (FDA) even if it doesn't experience another delay with the filing.

CEO Stanley Erck's interview with Yahoo! Finance Live last Thursday likely didn't help reassure investors. When asked about when the FDA filing would be done, Erck replied, "It's probably going to be next week, but I'm sticking with the claim that we'll be doing this by the end of this year."

So what

Yet another delay in a U.S. filing for NVX-CoV2373 wouldn't be catastrophic for Novavax as long as the company completes the submission soon in the new year. However, management's credibility would definitely take another big blow.

But it's premature at this point to speculate that Novavax won't complete the U.S. EUA filing this week. It's also useless to fret about the quality of the company's FDA package. Novavax recently won European Union authorization for NVX-CoV2373. That shows that the vaccine maker can successfully meet regulators' manufacturing-quality hurdles.

Now what

Investors don't like waiting, but that's exactly what they'll have to do for now with Novavax. The company could complete its EUA filing any day now. It could also pick up new authorizations in other countries where it awaits regulatory decisions.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论7

  • JaiVenky
    ·2021-12-29
    Great
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  • 丰人
    ·2021-12-29
    Like
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  • koolgal
    ·2021-12-28
    Novavax share price dropped further today as investors are anxious about the wait for FDA approval.  Good time to bargain hunt if you like the stock. 🤔
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  • Ytyt
    ·2021-12-28
    Pls like
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    • JeremyKok
      hi. please help like and comment back. thank you.
      2021-12-29
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    • 45824b60
      ok
      2021-12-28
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    • kukumolu
      ok
      2021-12-28
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  • hpt
    ·2021-12-28
    Oh no
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  • GarlicOnion
    ·2021-12-28
    Opportunity to top up!
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    • bernardtayet
      Yes, similar sentiments. When people are worrisome, we must be contrarian.  Just my view only.
      2021-12-28
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  • amzl
    ·2021-12-28
    😭
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