Why Novavax Soared 71.7% in July
Novavax (NASDAQ: NVAX) shares surged 71.7% in July, according to data provided by S&P Global Market Intelligence, after the U.S. government offered the company $1.6 billion to support the development of its coronavirus vaccine. Operation Warp Speed has given biotech and big pharmaceutical companies billions of dollars as part of its effort to help bring a vaccine to market by January. Novavax's award, at the time it was granted, was Operation Warp Speed's biggest yet.
