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Novavax | 8-K: Novavax Reports Second Quarter 2024 Financial Results and Operational Highlights

Novavax | 8-K: Novavax Reports Second Quarter 2024 Financial Results and Operational Highlights

诺瓦瓦克斯医药 | 8-K:Novavax 公布2024年第二季度财务业绩和运营亮点
美股SEC公告 ·  2024/08/08 20:09

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Novavax reported total revenue of $415 million for Q2 2024, including $391 million from Sanofi partnership upfront payment. The company ended the quarter with $1.1 billion in cash, while net income reached $162 million compared to $58 million in Q2 2023. Combined R&D and SG&A expenses decreased 34% YoY.The company received $570 million from Sanofi, comprising a $500 million upfront payment and $70 million equity investment. Under the partnership effective January 2025, Sanofi will assume primary commercial responsibility for Novavax's 2024-2025 COVID-19 vaccine in major markets. Novavax is eligible for up to $700 million in additional milestones plus royalties.Looking ahead, Novavax plans to initiate Phase 3 trials for COVID-19-Influenza Combination and standalone influenza vaccines in Q4 2024. The company updated its 2024 guidance to $700-800 million in total revenue and targets reducing combined R&D and SG&A expenses to below $500 million for 2025 and below $350 million for 2026.
Novavax reported total revenue of $415 million for Q2 2024, including $391 million from Sanofi partnership upfront payment. The company ended the quarter with $1.1 billion in cash, while net income reached $162 million compared to $58 million in Q2 2023. Combined R&D and SG&A expenses decreased 34% YoY.The company received $570 million from Sanofi, comprising a $500 million upfront payment and $70 million equity investment. Under the partnership effective January 2025, Sanofi will assume primary commercial responsibility for Novavax's 2024-2025 COVID-19 vaccine in major markets. Novavax is eligible for up to $700 million in additional milestones plus royalties.Looking ahead, Novavax plans to initiate Phase 3 trials for COVID-19-Influenza Combination and standalone influenza vaccines in Q4 2024. The company updated its 2024 guidance to $700-800 million in total revenue and targets reducing combined R&D and SG&A expenses to below $500 million for 2025 and below $350 million for 2026.
诺瓦瓦克斯医药报告2024年第二季度总营业收入为41500万美元,其中39100万美元来自赛诺菲安万特的合作伙伴关系预付款。 该公司在季度末现金余额为11亿美元,净利润达到16200万美元,而2023年第二季度为5800万美元。 综合研发和销售及一般管理费用同比下降34%。该公司从赛诺菲安万特处收到57000万美元,包括50000万美元的预付款和7000万美元的股权投资。在2025年1月生效的合作伙伴关系下,赛诺菲将承担诺瓦瓦克斯医药在主要市场2024-2025年新冠疫苗的主要商业责任。 诺瓦瓦克斯医药有资格获得高达70000万美元的额外里程碑奖励以及特许权使用费。展望未来,诺瓦瓦克斯医药计划...展开全部
诺瓦瓦克斯医药报告2024年第二季度总营业收入为41500万美元,其中39100万美元来自赛诺菲安万特的合作伙伴关系预付款。 该公司在季度末现金余额为11亿美元,净利润达到16200万美元,而2023年第二季度为5800万美元。 综合研发和销售及一般管理费用同比下降34%。该公司从赛诺菲安万特处收到57000万美元,包括50000万美元的预付款和7000万美元的股权投资。在2025年1月生效的合作伙伴关系下,赛诺菲将承担诺瓦瓦克斯医药在主要市场2024-2025年新冠疫苗的主要商业责任。 诺瓦瓦克斯医药有资格获得高达70000万美元的额外里程碑奖励以及特许权使用费。展望未来,诺瓦瓦克斯医药计划在2024年第四季度启动针对新冠-流感组合疫苗和独立流感疫苗的第三阶段试验。 该公司将其2024年的指导调整为70000-80000万美元的总营业收入,并目标将2025年的综合研发和销售及一般管理费用降低至50000万美元以下,2026年降至35000万美元以下。
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