Novavax Inc said it will manufacture its COVID\u002D19 vaccine in Canada after its use in children aged between 12 and 17 years was allowed.
Production of test batches of the protein-based vaccine, Nuvaxovid, will begin at the Montreal manufacturing centre by early 2023, the company said.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action. Expect expert insights and analysis in your inbox daily throughout the tournaments, and weekly on Thursdays for the rest of the season.
Earlier this year, the Canadian health regulator had allowed the use of Novavax’s vaccine for primary series and as a booster in adults above 18 years of age. Hurt by a global supply glut in COVID-19 vaccine and waning demand, Novavax cut its full-year revenue forecast last month to a range of $2 billion and $2.3 billion. Shots from rivals Pfizer/BioNtech and Moderna were approved last year for initial vaccination of adolescents in Canada, hurting the vaccine maker further.Share this article in your social network
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