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Benzinga
Benzinga
Technology
Vandana Singh

Novavax' Sees Conditional Approval Of COVID-19 Vaccine Booster In Australia As US FDA Delays Its Decision

  • The Australian regulatory authority has conditionally approved Novavax Inc's (NASDAQ:NVAX) Nuvaxovid (NVX-CoV2373) COVID-19 vaccine as a booster in individuals aged 18 and over.
  • The provisional registration was based on data from Novavax's Phase 2 trial conducted in Australia, wherein a single booster dose of Nuvaxovid was administered to healthy adult participants approximately six months after their primary two-dose vaccination series of Nuvaxovid. 
  • The third dose produced increased immune responses comparable to or exceeding levels associated with protection in Phase 3 clinical trials. In the COV-BOOST trial, Nuvaxovid induced a robust antibody response when used as a heterologous third booster dose.
  • In the Novavax-sponsored trials, local and systemic reactions were generally short-lived, with a median duration of approximately two days. The incidence of Grade 3 or higher events remained relatively low. 
  • The Australian authority granted provisional registration in January 2022 for using Nuvaxovid in individuals aged 18 and over. 
  • Novavax filed for expanded provisional registration in Australia for use in adolescents aged 12 through 17 in May 2022.
  • According to last week's CNBC report, the FDA said it needs to review recent adjustments to Novavax's manufacturing process before it can authorize the company's vaccine.
  • Price Action: NVAX shares are down 12.10% at $35.72 during the market session on the last check Monday.
  • Photo by Daniel Schludi on Unsplash
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