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r/biotech

News about any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use. | Or we can talk about career advice. Whatever.


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Doesn't Novavax Go Bankrupt This Year?

The Pfizer lowering on revenues by an enormous amount indicates a complete decline in vaccinations and prophylaxis (Paxlovid). It's at the point where Pfizer is no longer making profit on the vaccine. How on Earth will Novavax survive? They also appear to be 1 month late for EU approval of the vaccine (largely anticipated yesterday)?

Edit: pretty contentious post. About 50% up/down votes! Fascinating!