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Forbes
Forbes
10 May 2024


Shares for Novavax swelled by more than 140% Friday morning, after the biotech firm announced a $1.4 billion deal with Sanofi to commercialize its Covid vaccine and develop a new combination shot for protecting against the flu and Covid.

Novavax

The biotech company said it would develop a combination Covid and flu shot with Sanofi as part of a ... [+] billion-dollar deal.

SOPA Images/LightRocket via Getty Images

Novavax shares surged by 141% to $10.79 as of 9:35 a.m. Friday morning.

This is a developing story and will be updated.

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