Why Novavax Stock Is Moving Higher Today

Shares of Novavax (NASDAQ: NVAX) were moving 4.8% higher as of 11:01 a.m. EDT on Tuesday after rising as much as 7.2% earlier in the day. The gain came following Novavax's update on its coronavirus vaccine candidate NVX-CoV2373.

Novavax reported mainly good news with its update today. The company said that it has enrolled over 5,500 participants in its late-stage study of NVX-CoV2373 in the U.K. This study has been expanded to enroll 15,000 participants. Novavax expects that the U.K. trial will be fully enrolled by the end of November.

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Source Fool.com