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Why Novavax Stock Is Tanking Today

·1 min read
Why Novavax Stock Is Tanking Today
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Shares of Novavax (NASDAQ: NVAX) were tanking 12.8% lower as of 10:43 a.m. EDT on Wednesday. The steep decline came after Politico reprted that Novavax "faces significant hurdles in proving it can manufacture a shot that meets regulators' quality standards." Politico's anonymous sources reportedly stated that Novavax's "issues are more concerning than previously understood."