Novavax (NVAX) Tops Q3 EPS by 2c; Will Implement Restructuring Plan

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Go back to Novavax (NVAX) Tops Q3 EPS by 2c; Will Implement Restructuring Plan

Novavax Reports Third Quarter 2016 Financial Results

November 9, 2016 4:06 PM EST

Announces Corporate Restructuring and Cost SavingsHighlights Strategic Focus and Development Activities for 2017

GAITHERSBURG, Md., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Novavax, Inc., (Nasdaq: NVAX) today announced its financial results for the third quarter and nine months ended September 30, 2016, in conjunction with its Investor and Analyst Day update.

The Company presented a restructuring plan designed to meet the following key objectives:

Prioritize development activities to achieve clinical data events within 2017;Reduce cash burn, extend financial horizon and minimize near-term dilution;... More