Novavax's COVID-19 Vaccine Gets OK In South Korea

Novavax Inc's NVAX COVID-19 vaccine has swung an OK in South Korea, where it will be manufactured and marketed by SK bioscience.

• The shot will be available to adults 18 years and older. 
• SK bioscience already has an advanced purchase agreement with the government for 40 million doses, according to Novavax.
• "Novavax is proud to bring our COVID-19 vaccine to South Korea at a critical time in the pandemic as both the Delta and Omicron variants have taken hold," CEO Stanley Erck said in a statement.
• Related: Early Data Shows Novavax's COVID-19 Vaccine Triggers Immune Response To Omicron.
• The shot dubbed Nuvaxovid in South Korea has also received authorization from the WHO and in Europe, India, Indonesia, and the Philippines.
• Novavax has still not filed with the FDA. At the end of 2021, Novavax submitted its complete chemistry, manufacturing, and controls (CMC) data package to the FDA.
• The vaccine is also under review by multiple additional regulatory agencies worldwide, and it expects to receive additional worldwide authorizations in 1H of 2022. 
• On Wednesday, the company said it was still a month away from filing in the US.
• Price Action: NVAX shares are down 0.68% at $129.79 during the market session on the last check Wednesday.