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COVID vaccine maker Novavax reports better-than-expected revenue - Vimarsana News

COVID vaccine maker Novavax reports better-than-expected revenue

Novavax reported revenue of $187 million for the quarter, down from $734.58 million a year ago, but above analysts' expectations of $158.5 million, according to LSEG data. "We've really optimized that U.S. grant opportunity, which was something that was uncertain at the beginning of the year," Novavax CEO John Jacobs said in an interview, adding that the government had shortened the timeline for being able to tap into those funds. The Maryland-based biotech has flagged concerns about its ability to remain in business and has been banking on cost cuts and commercial sales ...

Source: yahoo.com
Novavax Prepares Further Cost Cuts To Better Align With Demand-Challenged COVID-19 Vaccine Market - Vimarsana News

Novavax Prepares Further Cost Cuts To Better Align With Demand-Challenged COVID-19 Vaccine Market

Novavax Inc NVAX reported Q3 revenue of $187 million, compared to $735 million in the same period in 2022, beating the consensus of $158.54 million. "We've…

Source: biztoc.com
Novavax sales tumble 75%, will cut another $300M in expenses - Vimarsana News

Novavax sales tumble 75%, will cut another $300M in expenses

Gaithersburg, Maryland-based COVID-19 vaccine maker Novavax saw its third quarter revenue tumble and it may further reduce expenses by millions of dollars.

Source: wtop.com
Vaccine maker Novavax tops revenue estimates, eyes more cost cuts - Vimarsana News

Vaccine maker Novavax tops revenue estimates, eyes more cost cuts

By Patrick Wingrove and Bhanvi Satija (Reuters) -COVID-19 vaccine maker Novavax on Thursday beat market estimates for quarterly revenue, boosted by U.S.

Beachy Stout's trial on hold until next week | News - Vimarsana News

Beachy Stout's trial on hold until next week | News

The hearing of further evidence from witnesses in the murder trial involving Portland businessman Everton 'Beachy Stout' McDonald has been put on hold until next Tuesday to facilitate a voir dire – trial within a trial.  ...