Novavax to Begin Clinical Testing of Coronavirus Vaccine by Late Spring

Novavax (NASDAQ: NVAX) announced on Wednesday that it's advancing its development of an experimental vaccine for COVID-19, the disease caused by the coronavirus strain that continues to spread across the world. The biotech stated that it has produced several nanoparticle-based vaccine candidates and is evaluating them in animal models in an effort to select the most promising one for testing in humans. Novavax expects to begin a phase 1 clinical study of a COVID-19 vaccine by late spring.

The company first announced that it was attempting to develop a COVID-19 vaccine in January. Novavax is a clinical-stage vaccine specialist, and previously developed experimental vaccines that showed promise in protecting against other coronaviruses, including those that cause Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).

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Source Fool.com