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The World Health Organization recently announced covid is no longer a global emergency. Hooray! That is unless you're Novavax, the biotech outfit once billed as an antidote to vaccine hesitancy but like other government-approved vendors is now awash in cancellations as demand for jabs collapses.

Novavax CEO John Jacobs told the Financial Times governments might not deliver on their existing commitments for vaccine purchases, meaning the now-struggling pharma business could face even further hardships.

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Source Fool.com