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Novavax Stock Plunges 25% As Vaccine Maker Has ‘Substantial Doubt’ About Staying In Business

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Shares of the pharmaceutical company have slipped below $7 after trading well above $300 at points in 2021.

Shares of Novavax fell more than 25% in after-hours trading Tuesday, following a dismal fourth quarter earnings report and a

Novavax reported fourth quarter losses of $182 million after only posting $357 million in sales—well below expectations of $383 million.

 

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