Shares of Novavax (NVAX) surged nearly 26% in pre-market trading today after its protein-based COVID-19 vaccine, Nuvaxovid, received the long-awaited approval from the FDA, albeit with a narrower label than initially expected.FDA’s Conditions on NVAX’s COVID-19 JabWhile the agency granted full approval to Nuvaxovid for use in older adults aged 65 and above, it restricted the vaccine’s use in individuals aged 12-64 with at least one underlying condition that puts them at high risk for severe outcomes from CO ...

Biotech stock Novavax Inc (NASDAQ:NVAX) is skyrocketing today, up 26% at $8.48 at last glance, after the U.S. Food & Drug Administration (FDA) approved the company's COVID-19 vaccine. The shot, Nuvaxovid, differs from the others in that it is protein-based, not mRNA-based, and is designed for those between the ages of 12 and 64 who have underlying conditions that put them at greater risk due to the illness. Should these gains hold, NVAX will mark its highest single-day percentage gain since last May. Jumpin ...