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Moderna combo COVID-19/flu vaccine effective in early-stage trial
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US FDA authorizes Novavax s updated COVID shot, shares rise
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US FDA authorizes Novavax s updated COVID shot, shares rise
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(Reuters) -The U.S. Food and Drug Administration said on Tuesday it has authorized an updated version of Novavax's COVID-19 vaccine for emergency use in individuals aged 12 years and older, and the company's shares climbed more than 11%. The Maryland-based company, whose COVID vaccine is its lone marketed product, has adopted cost-cutting measures and is counting on commercial sales of its updated shot to help it stay afloat. The U.S. Centers for Disease Control and Prevention (CDC) director last month signed off on broad use of rival updated COVID vaccines from Pfizer Inc with German partner BioNTech, and from Moderna.