Maryland Blogger: Novavax in Gaithersburg Announces $1.6 Billion Funding

Novavax in Gaithersburg Announces $1.6 Billion Funding

Novavax in Gaithersburg Announces $1.6 Billion Funding 

 

Novavax—a biotechnology company located in Gaithersburg—has been awarded $1.6 billion to accelerate the development of a potential COVID-19 vaccine.

The company announced Tuesday that it has been selected to participate in Operation Warp Speed. This federal government program will help cover testing, commercialization, and manufacturing of a potential COVID-19 vaccine in the United States. The program aims to start delivering millions of doses of a safe, effective vaccine for COVID-19 in 2021. According to a press release, this grant funding will allow Novavax to complete late-stage clinical development, including a pivotal Phase 3 clinical trial, establish large-scale manufacturing, and deliver 100 million doses of NVX‑CoV2373, Novavax’ COVID-19 vaccine candidate, as early as late 2020.  Montgomery Community Media

 

 

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Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comment balloon 4 commentsRoy Kelley • July 07 2020 06:42PM

Comments

Roy,

That is wonderful, and I hope that they do create a perfect vaccine for that flu. In the meantimes, people are recovering.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 1 month ago

I am hopeful a truly beneficial vaccine is created soon.  We continue to lose about 1000 people a day to Covid 19, here in the U.S. 

Thus far a total of 131,000 have died here in this country. That's more than we lost in WW 1, Korean and the Vietnam Wars put together!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) about 1 month ago

Gaithersburg’s Novavax has just received the LARGEST Operation Warp Speed federal funding award -$1.6 Billion- in the race to find a COVID-19 vaccine. Novavax is a shining example of Montgomery County’s #BuiltforBio status and the epicenter of global healthcare and life science. Read more:

https://cnb.cx/3iL0O9t

The U.S. government has awarded Novavax $1.6 billion to cover testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States, with the aim of delivering 100 million doses by January 2021.

 

 
Posted by Roy Kelley (Realty Group Referrals) about 1 month ago

Thank you very much for your comments. It is always good to hear from you.

Posted by Roy Kelley (Realty Group Referrals) about 1 month ago

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