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Novavax Secures $500M in Sanofi Vaccine Deal, Stock Surges 40%, Sanofi Takes 4.9% Stake
May 10, 2024, 09:50 AM
Novavax has entered into a significant partnership with Sanofi, involving a co-exclusive licensing agreement to co-commercialize a COVID-19 vaccine and develop novel COVID-19-Influenza combination vaccines. As part of the deal, Novavax will receive $500 million upfront and Sanofi will make a minority 4.9% equity investment in Novavax, valued at approximately $70 million. This deal has led to a 40% surge in Novavax's stock price.
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Novavax outperforms Sanofi • 50%
Sanofi outperforms Novavax • 50%
Top performer • 33%
Average performer • 34%
Below average performer • 33%
Approved in USA • 25%
Approved in EU • 25%
Approved in both USA and EU • 25%
Not approved in either • 25%
Becomes a top 5 vaccine company • 25%
Remains outside top 5 but improves position • 25%
No significant change in market position • 25%
Declines in market position • 25%
Increase over 200% • 25%
Increase 100-200% • 25%
Increase up to 100% • 25%
Decrease or no change • 25%
