Revenue Surge
Novavax reported total revenue of $667 million for the first quarter of 2025, a significant increase from $94 million in the same quarter of 2024. This includes $622 million in product sales, primarily from the termination of agreements with Canada and New Zealand.
Cost Reduction Success
The company reduced combined R&D and SG&A expenses by 24% compared to the previous year, with a significant 45% reduction in SG&A costs.
Strategic Partnerships
Strengthened partnership with Takeda for the Japanese market and ongoing collaborations with Sanofi and other pharmaceutical companies to advance pipeline and technology platform.
Positive Phase 3 Enrollment
Completion of enrollment of approximately 2,000 participants in a Phase 3 trial for CIC and standalone flu vaccine candidates.
New Early-Stage Pipeline Programs
Initiation of four early-stage programs, including H5N1, RSV combinations, shingles, and C. Difficile.