Japan's Health Ministry Panel OKs Approval Of Novavax's COVID-19 Vaccine: Report

Japan's Health Ministry Panel OKs Approval Of Novavax's COVID-19 Vaccine: Report
  • Japan's health ministry panel authorized a plan to approve Novavax Inc's NVAX COVID-19 vaccine, which is set to be the fourth such vaccine to be approved in Japan.
  • It will be available for first and second shots with an interval of three weeks.
  • The Novavax product is a recombinant protein vaccine that uses parts of coronavirus protein. 
  • Related: Early Data Shows Novavax's COVID-19 Vaccine Triggers Immune Response To Omicron.
  • The vaccine's mechanism is different from the three already-approved ones in Japan - Pfizer Inc PFE / BioNTech SE BNTX, Moderna Inc MRNA, and AstraZeneca plc's AZN
  • The Novavax vials can be refrigerated at a temperature of 2 to 8 degrees Celsius, making them easy to transport and manage.
  • Also Read: Novavax's COVID-19 Shot Inches Up To FDA Authorization.
  • Takeda Pharmaceutical Co Ltd TAK is responsible for the Novavax vaccine's distribution in Japan. 
  • The Japanese government has concluded a contract with Takeda on the supply of 150 million vaccine doses in 2022.
  • Price Action: NVAX shares are down 5.84% at $55.15 on the last check Monday.
  • Photo by Daniel Schludi on Unsplash

Posted In: BriefsCOVID-19 CoronavirusCOVID-19 VaccineBiotechNewsHealth CareGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.