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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNovavax Says U.S. Will Pause Funding for Production of Its Vaccine
WASHINGTON Novavax, the Maryland firm that won a $1.75 billion federal contract to develop and produce a coronavirus vaccine, said on Thursday that the federal government would not fund further production of its vaccine until the company resolves concerns of federal regulators about its work.
The firms disclosure came in a quarterly filing with the Securities and Exchange Commission. The Trump administration agreed to buy 110 million doses of vaccine from Novavax as part of its crash vaccine development program.
Although the company reported in June that its vaccine had an efficacy of 90 percent against symptomatic Covid-19 cases, and 100 percent against severe disease, Novavax has struggled for months to mass manufacture its product. Its vaccine has not been authorized for distribution in the United States, and federal officials said it is unclear when or if it will be.
Four people familiar with Novavaxs operation said the company had been unable so far to demonstrate that its production process met Food and Drug Administration standards. They spoke on the condition of anonymity to discuss sensitive contracting issues.
https://www.msn.com/en-us/news/us/novavax-says-us-will-pause-funding-for-production-of-its-vaccine/ar-AAMZJ3y
ananda
(28,858 posts)Why can't they figure out how to produce it safely?
????
paleotn
(17,911 posts)Other companies like Pfizer and J&J have that kind of institutional expertise and rocketed ahead of Novavax. They've got an advanced purchase agreement with the EU, but if they can't pass muster with FDA, they may not be able to measure up in the EU either.
LisaL
(44,973 posts)NT
paleotn
(17,911 posts)Even relatively new ones. Some have the talent. Some don't.
Phoenix61
(17,003 posts)Sucks they cant get it together to manufacture a vaccine that seems to work.
Jerry2144
(2,099 posts)Cheeto Mussolini is the anit-Midas. Everything he touches turns to shit (and non-compostable or useful kind). They took the Operation Warp SPeed funding