💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

EU delays approval of Novavax's revised COVID vaccine

Published 15/10/2023, 05:24
© Reuters. FILE PHOTO: Syringes with needles are seen in front of a displayed Novavax logo in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
NVAX
-

(Reuters) -European Union (EU) regulators have delayed a decision to give approval for Novavax's variant-tailored COVID-19 vaccine, the company said on Sunday.

The European Medicines Agency (EMA) has requested more information from Novavax on the shot, which targets the XBB variant, the company said.

"As part of the ongoing review process, EMA's human medicines committee (CHMP) has additional questions which we are answering expeditiously," Novavax said in an emailed statement to Reuters.

The Financial Times, which first reported the news, said the EMA had questions on the potency of the vaccine's latest version, and that it is seeking to ensure its characteristics will be the same across different production sites.

Novavax said it was working closely with the EMA and is looking forward to the recommendations from the regulator. The EMA did not immediately respond to Reuters' requests for comment.

© Reuters. FILE PHOTO: Syringes with needles are seen in front of a displayed Novavax logo in this illustration taken, November 27, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

EMA director Emer Cooke said in September that it expected to decide on the use of the vaccine this month. The agency is expected to give its approval within four weeks, according to the FT report.

Novavax said on Friday its updated COVID-19 vaccine was available at U.S. pharmacies such as CVS and Rite Aid, a week after it received clearance from the U.S. Food and Drug Administration (FDA) for emergency use in individuals aged 12 years and older.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.