Novavax shares spike 16% on Biden's plan to share COVID - 19 vaccines

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On April 27, shares of NovavaxNovavax Inc. rose on Tuesday to 16% in extended trading following President Joe Biden said that the United States was planning to share COVID 19 vaccines with countries in need of assistance.

The problem is right now we have to make sure we have other vaccines like Novavax and others coming on, he said.

I think we'll also be in a position to be able to share vaccines with others who are in real need as well as know-how.That's the hope and expectation.

The president said discussions were on to decide when to send COVIDCOVID - 19 - vaccines to other nations, including India, which has been grappling with a surge in coronavirus cases.

The company is expected to report data from its ongoing secondary study in the United States and Mexico during the second quarter of this year.

As of the last close of the year the stock has gained 133.2%

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