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Wednesday, March 18, 2020

Vaxart up 64% premarket on coronavirus vaccine deal

Vaxart (NASDAQ:VXRT) jumps 64% premarket on robust volume in reaction to its agreement with Emergent BioSolutions (NYSE:EBS) under which the latter will deploy its molecule-to-market contract development and manufacturing services for Vaxart’s COVID-19 oral vaccine candidate.
Development services will begin immediately. Emergent expects to produce enough cGMP vaccine to allow Vaxart to initiate a Phase 1 study early in H2.
Financial terms are not disclosed.
https://seekingalpha.com/news/3552824-vaxart-up-64-premarket-on-coronavirus-vaccine-deal

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