However, Jacobs cautioned that there are risks in the near term to that operating plan, including the fact that protein-based vaccines like Novavax's take longer to produce than their messenger RNA-based competitors.
The CEO said the company has been spending at a "hot rate," and plans to cut back, likely including job cuts. Novavax is looking at all options that properly value its technology, pipeline and manufacturing capabilities on three continents, from partnerships to licensing deals to "different types of deals that could be much more significant," the CEO said.
Did they mention the dreaded 'going concerns'?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: