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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

諾瓦瓦克斯醫藥 | 8-K:Novavax 公佈2024年第二季度財務業績和運營亮點
美股SEC公告 ·  2024/08/08 08:09

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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.
諾瓦瓦克斯醫藥報告2024年第二季度總營業收入爲41500萬美元,其中39100萬美元來自賽諾菲安萬特的合作伙伴關係預付款。 該公司在季度末現金餘額爲11億美元,凈利潤達到16200萬美元,而2023年第二季度爲5800萬美元。 綜合研發和銷售及一般管理費用同比下降34%。該公司從賽諾菲安萬特處收到57000萬美元,包括50000萬美元的預付款和7000萬美元的股權投資。在2025年1月生效的合作伙伴關係下,賽諾菲將承擔諾瓦瓦克斯醫藥在主要市場2024-2025年新冠疫苗的主要商業責任。 諾瓦瓦克斯醫藥有資格獲得高達70000萬美元的額外里程碑獎勵以及特許權使用費。展望未來,諾瓦瓦克斯醫藥計劃...展開全部
諾瓦瓦克斯醫藥報告2024年第二季度總營業收入爲41500萬美元,其中39100萬美元來自賽諾菲安萬特的合作伙伴關係預付款。 該公司在季度末現金餘額爲11億美元,凈利潤達到16200萬美元,而2023年第二季度爲5800萬美元。 綜合研發和銷售及一般管理費用同比下降34%。該公司從賽諾菲安萬特處收到57000萬美元,包括50000萬美元的預付款和7000萬美元的股權投資。在2025年1月生效的合作伙伴關係下,賽諾菲將承擔諾瓦瓦克斯醫藥在主要市場2024-2025年新冠疫苗的主要商業責任。 諾瓦瓦克斯醫藥有資格獲得高達70000萬美元的額外里程碑獎勵以及特許權使用費。展望未來,諾瓦瓦克斯醫藥計劃在2024年第四季度啓動針對新冠-流感組合疫苗和獨立流感疫苗的第三階段試驗。 該公司將其2024年的指導調整爲70000-80000萬美元的總營業收入,並目標將2025年的綜合研發和銷售及一般管理費用降低至50000萬美元以下,2026年降至35000萬美元以下。
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