Prognosis

Novavax Covid-19 Vaccine Gets Fast-Track Tag From FDA

  • Shares build on gains as company readies late-stage trial
  • Company has received $1.6 billion from Operation Warp Speed

Photographer: Andrew Caballero-Reynolds/AFP/Getty Images

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Novavax Inc.’s experimental Covid-19 vaccine received a fast-track designation from U.S. regulators as the drugmaker prepares to launch a large, late-stage study before the end of the month, the company said on Monday.