Close

Wedbush Downgrades Novavax (NVAX) to Neutral

Go back to Wedbush Downgrades Novavax (NVAX) to Neutral

Piper Jaffray Downgrades Novavax (NVAX) to Neutral

September 16, 2016 6:54 AM EDT

Piper Jaffray downgraded Novavax (NASDAQ: NVAX) from Overweight to Neutral with a price target of $1.00 (from $14.00).

For an analyst ratings summary and ratings history on Novavax click here. For more ratings news on Novavax click here.

Shares of Novavax closed at $8.34 yesterday.

... More

Novavax (NVAX) Reports RSV F Vaccine Phase 3 Missed Primary, Secondary Efficacy Objectives

September 15, 2016 4:19 PM EDT

Novavax, Inc., (Nasdaq: NVAX) announced topline data from two clinical trials of its RSV F-protein recombinant nanoparticle vaccine candidate (RSV F Vaccine) in older adults. The Resolve trial, a Phase 3 trial of our RSV F Vaccine in 11,856 older adults (60 years of age and older), did not meet the pre-specified primary or the secondary efficacy objectives, and did not demonstrate vaccine efficacy. Consistent with our previous clinical experience, the vaccine was well tolerated.

Phase 3 Resolve Trial

The trial was a randomized, observer-blinded, placebo-controlled trial conducted at 60 sites in the... More