For now, the company is gearing up for a fall vaccination campaign and said it plans to focus on delivering an updated Covid-19 vaccine.
Shares of Novavax plummeted 25 per cent in extended trading, after the company reported fourth-quarter earnings that missed analyst estimates.
"Given these uncertainties, substantial doubt exists" regarding its ability to carry on its business, Novavax added. Maryland-based Novavax was an early frontrunner in the global vaccine race, but fell behind after being hit by manufacturing and regulatory delays.
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