Novavax Inc. (NASDAQ: NVAX) said that Endo International (NASDAQ: ENDP) will be in charge of manufacturing its COVID-19 vaccine after the two companies inked a non-exclusive agreement on Friday. Earlier this year in July, the U.S. government invested £1.27 billion in Novavax under its “Operation Warp Speed” program.
In a separate statement, Endo said that its subsidiary, Par Sterile, has dedicated a manufacturing facility in Rochester for the production of Novavax COVID-19 vaccine. Financial and related terms of the deal were not disclosed at this stage.
Endo closed the regular session about 1.5% down on Friday. The Dublin-based pharmaceutical company has recovered just under 50% since March. Trading stocks online is easier than you think. Here’s how you can buy shares online in 2020.
Novavax started phase 3 trials for its COVID-19 vaccine in the U.K.
The experimental vaccine that Novavax is calling NVX-CoV2373 will be used in the late-stage clinical trial in the United States. If the vaccine receives regulatory approval, it will also be distributed to the public.
Novavax said in a statement on Thursday that it had begun its phase 3 trial in the United Kingdom. CEO Stanley Erck also expressed confidence that advanced stage testing will start in the United States very shortly.
Novavax said its trial in the U.K. will enrol close to 10 thousand participants (aged 18 to 84 years) by the end of October. According to President Gregory M. Glenn of Novavax Research and Development:
“With a high level of SARS-CoV-2 transmission observed and expected to continue in the U.K., we are optimistic that this pivotal Phase 3 clinical trial will enrol quickly and provide a near-term view of NVX-CoV2373’s efficacy. The
