Why Novavax Beat the Market on Monday
Novavax (NASDAQ: NVAX), best known these days for the NVX-CoV2373 coronavirus vaccine it's developed, saw its shares rise by 1.5% on Monday, against a stock market that essentially traded sideways. Investors seemed to be cautiously optimistic about the company's latest news on the regulatory front.
Novavax announced that it has formally submitted a biologics license application (BLA) for NVX-CoV2373 to South Korea's Ministry of Food and Drug Safety. It has done so in collaboration with South Korean biotech SK bioscience.
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Source Fool.com