Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Novavax, Inc. ("Novavax" or the "Company") (NVAX) - Get Novavax, Inc. Report on behalf of Novavax stockholders. Our investigation concerns whether Novavax has violated the federal securities laws and/or engaged in other unlawful business practices.
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On October 19, 2021, after the market closed, Politico published an article, titled "'They Rushed the Process': Vaccine Maker's woes hamper global inoculation campaign", alleging manufacturing and purity problems in Novavax's process to produce Covid-19 vaccinations for COVAX, an international consortium working to provide two billion doses to middle and low income countries. Previously, the U.S. government invested $1.6B in Novavax in 2020, the most devoted to any vaccine manufacturer at the time.
On this news shares of Novavax fell over 20% in premarket trading on October 20, 2021.
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