5/6, 4:34 PM (Source: TeleTrader)
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COVAX to receive 350M vaccines from Novavax

Novavax Inc. announced on Thursday the company has reached an agreement to supply the COVAX program with 350 million COVID-19 vaccines after the shot is authorized for emergency use.

The American company noted the India-based Serum Institute will manufacture doses with a goal of making first deliveries in the third quarter of the year.

On the other hand, it also agreed to receive an upfront payment from Gavi, The Vaccine Alliance, with the second part of the funds coming after the World Health Organization approves the jab.

Breaking the News / ND