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Novavax, Inc.

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Novavax, Inc. - Healthcare showcase

Year Founded & Workforce

1987

2,500 Employees

Industry

Healthcare
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Novavax, Inc. Employee Contacts

114 verified contactsNames, job titles, seniority and locations

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Novavax, Inc. Overview

Company Headquarters: Maryland, US

Founded: 1987

Workforce: ~2,500

Company Working: Novavax, Inc. is a biotechnology company that commercializes and develops vaccines to prevent a wide range of infectious diseases. It designs recombinant nanoparticle vaccine technology that produces a strong immune response against a variety of pathogens. It is partnered with leading biopharma organizations, government agencies, research institutions, and foundations, namely the Coalition for Epidemic Preparedness Innovations (US), the Joint Program Executive Office for Chemical, Biological, Radiological, and Nuclear Defense (US), the Serum Institute of India Pvt. Ltd. (India), SK Bioscience (South Korea), CPL Biological (India), and Takeda Pharmaceuticals (US). It has seven research and manufacturing facilities. It has presence in regions namely North America, Europe, and the Middle East and Africa

Strategy

Novavax, Inc.'s main focus is to meet the unmet demand for emerging threats. It is focusing on building healthy relationships with academic and research institutes and pharmaceutical companies to develop cutting-edge biodefense solutions. Moreover, it is forming strategic alliances through funding and investment to support government agencies. Furthermore, it is committed to delivering novel products that leverage its innovative proprietary recombinant protein-based nanoparticle technology

Company Snapshot

$475.6M

Revenue

2,500

Employees

1987

Founded

Maryland, US

Headquarters

SWOT Analysis

Strengths

  • Strong pipeline of vaccine candidates
  • Skilled workforce
  • Company's strong financial position

Weaknesses

  • Challenges in manufacturing products

Opportunities

  • Increasing need of products to address the emerging threats
  • Company's partnerships with leading pharmaceutical companies
  • Expansion in new markets

Threats

  • Regulatory uncertainty
  • Change in public perception

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Key Developments

DateApproachDevelopment
February 2023PartnershipNovavex, Inc. and U.S. Government extended their partnership and deliver up to 1.5 million doses of the Novavax vaccine. The contract has been supported through previously federal monies from Health and Human Services (US), the Administration for Strategic Preparedness and Response, and the Biomedical Advanced Research and Development Authority, administered by the Department of Defense Joint Program Executive Office for Chemical, Biological, Radiological, and Nuclear Defense.
June 2020CollaborationNovavex, Inc. collaborated with Health and Human Services (US) and the Department of Defense (US) and signed an agreement worth USD 1,600 million in order to demonstrate commercial-scale manufacturing of the COVID-19 investigational vaccine.
June 2020InvestmentNovavex, Inc. received USD 60 million in funding from the US Department of Defense for the manufacturing of NVX-CoV2373, Novavax’ COVID-19 vaccine candidate.

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 475.6 Mn in 2020 to USD 1,981.9 Mn in 2022.
Novavax, Inc. — By Business Segment
Series (USD Mn)202020212022
Sales475.61,146.31,981.9
R&D7472,534.51,235.3

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