Why Novavax Stock Is Jumping Today

Shares of Novavax (NASDAQ: NVAX) were jumping 6.1% higher as of 10:48 a.m. EDT on Wednesday after rising as much as 15.8% earlier in the morning. The nice gain came following the company's announcement that it has filed for authorization of its COVID-19 vaccine NVX-CoV2373 to the United Kingdom Medicines and Healthcare Products Regulatory Agency (MHRA).

Novavax's U.K. submission is an important milestone for the company. And it's especially encouraging for investors after the company delayed its planned regulatory filings several times earlier this year.

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Source Fool.com