Novavax has significant doubts it can stay open for business

[Anonymous]

Wow, so much for all the vaunted biotech in MoCo:

https://www.msn.com/en-us/money/markets/novavax-stock-plunges-25-as-vaccine-maker-has-substantial-doubt-about-staying-in-business/ar-AA1844eo

Novavax has been a stinker for a long time. This is also after the US govt and tax payers poured millions of dollars into this garbage company that handed out giant bonuses to their executives even though they were never required to actually deliver a COVID vaccine.



https://www.cnn.com/2020/06/22/health/us-coronavirus-vaccine-funding/index.html

https://news.yahoo.com/exclusive-novavax-execs-could-big-110355995.html

[Anonymous]

One would think that with a name like NOVAvax they would be based in VA.

[Anonymous]

Yup. Very disappointing.

[Anonymous]

The govt basically slowrolled approval of Novavax's vaccine, subjecting it to such a long process that it did not subject Moderna/Pfizer to, and so by the time Novavax's vaccine was approved, people were no longer interested in getting vaccines. But the company wasn't even doing that great before the pandemic, so it was prob doomed no matter what.

[Anonymous]

Wow, I'm sorry they aren't able to compete against the "big" players. Personally I think innovation is a good use of govt. $. Outsized bonuses for execs who haven't delivered the goods... Not so much (

[Anonymous]

Does this mean that they won’t be breaking ground in their new Gaithersburg HQ after all? LOL
https://wtop.com/montgomery-county/2021/06/novavax-opens-new-gaithersburg-headquarters/

[Anonymous]

No doubt this is all the fault of that hypocritical woke Takoma Park cabal. Also, the earthquake in Turkey, the Russian invasion of Ukraine, and your toast landing buttered-side-down when you drop it. /s

[Anonymous]

Anonymous wrote:No doubt this is all the fault of that hypocritical woke Takoma Park cabal. Also, the earthquake in Turkey, the Russian invasion of Ukraine, and your toast landing buttered-side-down when you drop it. /s

It is obviously Marc Elrich's fault. Why would Marc Elrich do this?

[Anonymous]

Anonymous wrote:Does this mean that they won’t be breaking ground in their new Gaithersburg HQ after all? LOL
https://wtop.com/montgomery-county/2021/06/novavax-opens-new-gaithersburg-headquarters/

Highly doubtful. They have almost no cash left. Expect a lot of people to go in the UE line in MoCo.

[Anonymous]

Anonymous wrote:Does this mean that they won’t be breaking ground in their new Gaithersburg HQ after all? LOL
https://wtop.com/montgomery-county/2021/06/novavax-opens-new-gaithersburg-headquarters/

who is buiding giant headquarters that far out in the suburbs. Its a dying model.

[Anonymous]

Anonymous wrote:The govt basically slowrolled approval of Novavax's vaccine, subjecting it to such a long process that it did not subject Moderna/Pfizer to, and so by the time Novavax's vaccine was approved, people were no longer interested in getting vaccines. But the company wasn't even doing that great before the pandemic, so it was prob doomed no matter what.

Once the other vaccines hit the market, there was no reason to expedite anything for Novavax. They were in a race and they lost badly

[Anonymous]

Anonymous wrote:Wow, so much for all the vaunted biotech in MoCo:

https://www.msn.com/en-us/money/markets/novavax-stock-plunges-25-as-vaccine-maker-has-substantial-doubt-about-staying-in-business/ar-AA1844eo

Novavax has been a stinker for a long time. This is also after the US govt and tax payers poured millions of dollars into this garbage company that handed out giant bonuses to their executives even though they were never required to actually deliver a COVID vaccine.



https://www.cnn.com/2020/06/22/health/us-coronavirus-vaccine-funding/index.html

https://news.yahoo.com/exclusive-novavax-execs-could-big-110355995.html

Touch grass

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does this mean that they won’t be breaking ground in their new Gaithersburg HQ after all? LOL
https://wtop.com/montgomery-county/2021/06/novavax-opens-new-gaithersburg-headquarters/

who is buiding giant headquarters that far out in the suburbs. It’s a dying model.

Exactly. A model that is dying so fast that Amazon has doubled down on a corporate HQ in… Herndon.
https://patch.com/virginia/herndon/amazon-web-services-celebrates-grand-opening-of-herndon-headquarters

Not to mention Google’s investment in Reston.
https://www.ffxnow.com/2022/04/19/google-announces-300m-investment-in-virginia-from-reston-office/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, so much for all the vaunted biotech in MoCo:

https://www.msn.com/en-us/money/markets/novavax-stock-plunges-25-as-vaccine-maker-has-substantial-doubt-about-staying-in-business/ar-AA1844eo

Novavax has been a stinker for a long time. This is also after the US govt and tax payers poured millions of dollars into this garbage company that handed out giant bonuses to their executives even though they were never required to actually deliver a COVID vaccine.



https://www.cnn.com/2020/06/22/health/us-coronavirus-vaccine-funding/index.html

https://news.yahoo.com/exclusive-novavax-execs-could-big-110355995.html

Touch grass

What does that mean?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does this mean that they won’t be breaking ground in their new Gaithersburg HQ after all? LOL
https://wtop.com/montgomery-county/2021/06/novavax-opens-new-gaithersburg-headquarters/

who is buiding giant headquarters that far out in the suburbs. It’s a dying model.

Exactly. A model that is dying so fast that Amazon has doubled down on a corporate HQ in… Herndon.
https://patch.com/virginia/herndon/amazon-web-services-celebrates-grand-opening-of-herndon-headquarters

Not to mention Google’s investment in Reston.
https://www.ffxnow.com/2022/04/19/google-announces-300m-investment-in-virginia-from-reston-office/

Don't compare biotech and pharma to the rest of tech and corporate though. Science companies need lab space.