Novavax, a biotechnology company that specializes in the development of vaccines, has recently announced an agreement with the European Commission for the supply of up to 200 million doses of its COVID-19 vaccine candidate.
The Novavax vaccine candidate, known as NVX-CoV2373, has shown promising results in clinical trials, with an efficacy rate of 96.4% against the original strain of the virus and 86.3% against the UK variant. The vaccine is based on a protein subunit technology that stimulates an immune response against the virus.
Under the terms of the agreement, Novavax will supply vaccines to all member states of the European Union, with an option for an additional 100 million doses. The European Commission has also agreed to provide funding to Novavax to support the production and scale-up of the vaccine.
The Novavax agreement with the EU is a significant development in the fight against the COVID-19 pandemic, as it provides another vaccine candidate to the European market. The EU has been criticized for the slow rollout of vaccines, with many member states experiencing supply shortages and delays.
The Novavax vaccine candidate has also been authorized for emergency use in the UK and the US, further demonstrating its potential as a viable option for COVID-19 vaccination. The company has stated that it expects to have regulatory approval for its vaccine candidate in the coming months.
In addition to the Novavax agreement, the European Union has also secured agreements with other vaccine manufacturers, including Pfizer-BioNTech, Moderna, AstraZeneca, and Johnson & Johnson. These agreements will provide the EU with access to a total of over 2 billion vaccine doses once all vaccines are authorized.
Overall, the Novavax agreement with the European Union is a positive step forward in the global effort to combat the COVID-19 pandemic. As more vaccine candidates become available and authorized for use, the hope is that we can bring an end to this ongoing crisis and move towards a brighter future.