Novavax reverse split

Novavax, Inc.

As we head into New Year , we wanted to take a look at some of the top pharmaceutical blunders of the last several months. While many pharmaceutical stocks can hold immense profit potential, others can wipe out your accounts in the blink of an eye. Or, investors will buy on the promise of unachieved growth. In fact, here are three that fit those molds, and should be sold heading into To stay in the public market Novavax had to conduct a reverse stock split in To small investors, this should have been a clue to stay away. Novavax won extensive government help in developing its coronavirus vaccine , eventually called Nuvaxovid.

Novavax reverse split

As of p. EDT, the biotech's shares were down by What's sinking Novavax's ship today? On April 1 , the company announced a special meeting to vote on a proposed reverse stock split of its common stock at a ratio of 1-for With the meeting scheduled for tomorrow morning, short-sellers and day traders are undoubtedly using this upcoming event to turn a quick profit in today's ongoing session. Novavax basically has no choice in regard to this enormous reverse split. In plain English, Novavax is at risk of being delisted from a major U. Novavax's twice-failed respiratory respiratory syncytial virus vaccine, ResVax, will have a tough time winning over regulators at this stage. Moreover, the biotech will need additional cash to carry its promising flu vaccine, NanoFlu , over the finish line. Novavax is in a tough spot. The company still has an intriguing candidate with NanoFlu that could radically change its trajectory. For the moment, though, it has to work through several fundamental problems to move into the next era of its life cycle. Meanwhile, this penny biotech stock is arguably best avoided by investors.

BBC News. Retrieved 28 March

When a company such as Novavax conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the NVAX split history from start to finish, an original position size of shares would have turned into 50 today. If the video does not load after a few moments, Upgrade to the Latest Flash Player. Split History.

The federal Liberal government's COVID vaccine manufacturing policy is facing yet another challenge after Maryland-based Novavax announced late Tuesday it may not have enough cash in a year's time to stay in business. That means three pillars of the government's made-in-Canada COVID vaccine procurement strategy have failed or could soon fail. In addition to this new hiccup with cash-strapped Novavax, there was the doomed deal with China-based CanSino and a major investment in the now-defunct Medicago. The government did, however, successfully procure tens of millions of COVID doses from foreign companies like Pfizer and Moderna, firms that supplied highly effective shots that have saved an untold number of Canadians from severe outcomes and death. The government has long promised it will produce Novavax's COVID vaccine at the National Research Council NRC Royalmount site in Montreal — a publicly owned facility in a country that has seen vaccine production all but disappear after decades of mismanagement and changing economics. Prime Minister Justin Trudeau said in , at the height of the pandemic, that the country would produce Canadian-made shots at a new purpose-built facility at Royalmount by the end of that year. That never happened after a plan to work with CanSino fell through.

Novavax reverse split

Note that a penny stock is defined by the U. More specifically, NVAX was a relatively unknown stock at the beginning of this year. However, a 1-for reverse share split helped NVAX stock to escape from penny stock status. Not too bad for a former penny stock, right? After a while, though, the initial vaccine hype faded and heavy competition weighed on the NVAX stock price. So, do recent developments suggest that there might be more upside for NVAX? We have to bear in mind that the search for a Covid vaccine is a global effort. Interim data for this trial could be available as early as the first quarter of That number includes medically stable, HIV-positive participants.

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While many pharmaceutical stocks can hold immense profit potential, others can wipe out your accounts in the blink of an eye. Novavax is a biotechnology company that promotes improved global health through the discovery, development and commercialization of vaccines to prevent serious infectious diseases. The Guardian. Split history database is not guaranteed to be complete or free of errors. Retrieved 2 June Latest Stock Splits. The Motley Fool has a disclosure policy. Video widget and market videos powered by Market News Video. Our business is subject to substantial risks and uncertainties, including those referenced above. Create and maintain a profile for updating alert preferences and contact information. The Motley Fool has no position in any of the stocks mentioned.

As of p. EDT, the biotech's shares were down by What's sinking Novavax's ship today?

Novavax basically has no choice in regard to this enormous reverse split. Novavax, Inc. The Japan Times. About Novavax Novavax, Inc. For a time, the business model seemed to work. Novavax won extensive government help in developing its coronavirus vaccine , eventually called Nuvaxovid. Log out. PMID Computershare will provide instructions to stockholders with physical certificates regarding the process for exchanging their pre-split stock certificates for book entry of the appropriate number of post-split shares and receiving payment for any fractional shares. Washington, D.