Novavax has signed a non-binding heads of terms document with the Australian Government to supply 40 million doses of its Covid-19 vaccine candidate, NVX-CoV2373.
Created using Novavax鈥檚 recombinant protein nanoparticle technology, the vaccine candidate is a stable, prefusion protein that includes the company鈥檚 Matrix鈥慚 adjuvant.
The vaccine candidate is currently in Phase III clinical trial in the UK.
On successful completion of the trial and after obtaining approval from Australia鈥檚 Therapeutic Goods Administration (TGA), Novavax will supply the vaccine doses to the country starting from the first half of next year.
Novavax president and CEO Stanley Erck said: 鈥淭his arrangement with the Australian government reflects the importance of the ongoing clinical development of NVX-CoV2373 and will ensure that the citizens of Australia will have access to its supply.鈥�
The vaccine regimen requires administering two doses for an individual 21 days apart.
US Tariffs are shifting - will you react or anticipate?
Don鈥檛 let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Phase III global study will analyse NVX-CoV2373 in providing immunity, safety and for Covid-19 disease prevention.
For the trials, elderly people with underlying medical conditions, as well as diverse racial and ethnic representation, enrolled.
The company anticipates interim data from a late-stage trial of the vaccine by the first quarter of next year.
As well as progressing the clinical development, Novavax is manufacturing NVX-CoV2373 on a large scale across various locations worldwide.
So far, the company signed NVX-CoV2373 supply deals with the US, UK and Canada while the company will supply doses to Japan, South Korea and India through partnerships.
In July, Novavax received $1.6bn from the US government聽for the development and manufacturing of the vaccine candidate.
In addition, Coalition for Epidemic Preparedness Innovations (CEPI) agreed to provide up to $384m聽in funding to support the vaccine development.
