Why Novavax Stock Is Rising Today

Shares of Novavax (NASDAQ: NVAX) were rising 4.2% as of 11:27 a.m. ET on Tuesday. The gain came after the company announced on Monday that it had submitted a request to the U.S. Food and Drug Administration (FDA) for Emergency Use Authorization (EUA) of COVID-19 vaccine NVX-CoV2373.

Novavax's filing for U.S. EUA isn't as meaningful as actually winning authorization for its COVID-19 vaccine. However, it's nonetheless an important milestone for Novavax -- especially considering the long road the company has taken to get to this point.

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Source Fool.com