World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Novavax Executives Sold $46 Million Worth Of Stocks Amid 2,731% Gains In 2020

US pharmaceutical company Novavax saw its stock hit various highs in 2020 as vaccine trials progressed. According to the research data analyzed and published by Stock Apps, it saw its stock price skyrocket 2,731% in 2020. The massive gains ranked it as the highest performer among coronavirus stocks.

Per Marketwatch data, its share price was $170.10 as of January 29, 2021, up from only $4 in January 2020.

Novavax Vaccine Candidate 89.3% Effective on UK COVID-19 Variant

Novavax received $388 million from the Coalition for Epidemic Preparedness Innovations (CEPI). After that, it got $1.6 billion from Operation Warp Speed (OWS). In total, it got around $2 billion in 2020 for COVID-19 vaccine development. For a company that had started the year with a capitalization of $130 million, that was a huge capital influx.

Capitalizing on the share gains, its executives sold stock worth $46 million in 2020. The CEO sold shares worth $8.7 million, the Chief Commerce Officer $13 million, the head of R&D $13.4 million and the Chief Legal Officer $10.9 million.

On August 4, 2020, Novavax released numbers for phase 1 trials of the vaccine. The next day, its share price soared to a high of $189. At this peak, the stock was up by 3,875% YTD.

On January 28, 2021, it announced that its vaccine was 89.3% effective based on UK phase 3 trials. The company has agreements in place to distribute over 300 million doses of the vaccine upon approval.

These agreements include 1 billion doses for India, 250 million for Japan, 100 million doses for the US, 60 million for the UK, 76 million in Canada, 40 million in Australia and 10.7 million in New Zealand.

The full story, statistics and information can be found here:

© Scoop Media

World Headlines


Myanmar: Military Must Stop Murdering And Jailing Protestors – Bachelet

UN High Commissioner for Human Rights Michelle Bachelet on Thursday said security forces in Myanmar must “halt their vicious crackdown on peaceful protestors,” following another day of deadly violence across the country on Wednesday... More>>

Syria: Economic Decline, Rising Hunger And Surging Humanitarian Needs

Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN Emergency Relief Coordinator told the Security Council ... More>>

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>

Focus On: UN SDGs

UNFCCC: Greater Climate Ambition Urged As Initial NDC Synthesis Report Is Published

UN Climate Change today published the Initial NDC Synthesis Report, showing nations must redouble efforts and submit stronger, more ambitious national climate action plans in 2021 if they’re to achieve the Paris Agreement goal of limiting global temperature rise by 2°C—ideally 1.5°C—by the end of the century... More>>

2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>

Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>