77.5 F
New York
Saturday, July 31, 2021

Novavax [NASDAQ: NVAX] And Takeda [NYSE: TAK] Teams Up For COVID-19 Vaccine In Japan

Must read

Ucommune [NASDAQ: UK] Ink Cooperation Agreement with Beijing Investment Group

Ucommune International Ltd. inked a cooperation agreement with Beijing Investment Group Co., LTD. Beijing Investment is a fully state-owned land developer associated with...

Lion Electric [NYSE: LEV] all Set to Deliver Two Electric Trucks to Green Mountain Power

The Lion Electric Company revealed on Friday that it is preparing to deliver two of its all-electric trucks to Green Mountain Power (GMP)...

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

Novavax, Inc. [NASDAQ: NVAX] and Takeda Pharmaceutical Company Limited [NYSE: TAK] both teamed up to develop, commercialize Novavax’s COVID-19 candidate in Japan.

NVX-CoV2373, a COVID-19 vaccine candidate of Novavax, Inc. is a stable, prefusion protein developed using the recombinant protein nanoparticle technology of Novavax, Inc.

Novavax has decided to provide license and transfer manufacturing technologies to Takeda so that Takeda will be able to manufacture the vaccine antigen. NVAX will also supply Matrix-M adjuvant to Takeda.

Shares of Takeda had tumbled down 1.30%, or down -0.24 during the trading of Thursday. NVAX has a day low and high range of $18.11-$18.28, respectively.

In the past 52-weeks of trading, this company’s stocks fluctuated between the low of $12.43 and a high of $20.92. NVAX has increased 46.34% from its 52-weeks high and decreased -13.07% from its 52-weeks low.

If we compared its volume, it had trading volume of 617.13K and an average volume of 1.14 million.

On the other hands, the shares of Novavax dropped 3.46%, or down -5.99 cents during the trading of Thursday. It has opened at $178.00 and has a closing price of $167.50.

Novavax has a day low range of $160.26 and a high range of $178.48. Its trading volume is 7.88 million as compared to its average volume which s 9.97 million.

If we turn our focus on its profitability, its return on assets (ROA) is -53.90%, and return on equity (ROE) is 78.80%. Its current ratio is 13.40. Similarly, its quick ratio is also 13.40.

During the past 52-weeks session, NVAX has 52-weeks low and high range of $3.54-$189.40. It has moved up 4631.64% and decreased -11.56%.

Novavax is looking forward to work with Takeda in Japan because of its technical-expertise, leading position and regulatory know-how in Japan. Takeda expects to develop 250 million doses of COVID-19 vaccine per year.

Japan’s Ministry of Health, Labour, and Welfare (MHLW) will provide funding to Takeda for technology transfer and establishment of infrastructure.

More articles

Latest article

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...