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## Novavax Stock (NVAX) Surges on $1.2 Billion Investment from Sanofi

Novavax stock (NVAX) experienced a remarkable 120% increase after French drug and vaccine giant Sanofi (SNY) announced a $1.2 billion investment in Novavax’s COVID-19 vaccine. This deal also involved Sanofi taking a minority stake in Novavax.

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The injection of funds provided Novavax with much-needed financial support, especially after facing challenges during the pandemic.

“This is a new chapter in the history of our company,” expressed Novavax CEO John Jacobs in an interview with Yahoo Finance.

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Despite initial setbacks with the COVID-19 vaccine’s manufacturing, Novavax eventually launched its product to target the booster market in mid-2022. However, the company still grappled with $1.7 billion in promised COVID dose liabilities.

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The transformation brought about by the Sanofi deal has turned Novavax’s fate around, with CEO Jacobs successfully navigating the company through challenging times.

### Future Growth Prospects

With this strategic collaboration, Novavax can pivot towards growth, leveraging its biotech strengths and advancing a platform-based growth strategy, as highlighted by CEO John Jacobs.

In addition to the $1.2 billion investment, the deal encompasses multiple future opportunities, including co-commercialization of the COVID-19 vaccine, developing a combination COVID-flu vaccine, and royalties.

### Shifting Towards Prosperity

Sanofi’s commitment to investing in Novavax’s technology for future vaccine development signifies a lucrative prospect for Novavax, propelling the company towards a profitable trajectory.

Through this partnership, Novavax aims to harness its technology in collaboration with Sanofi, consolidating its position in the competitive healthcare landscape. The newfound financial stability and strategic alliances position Novavax for sustainable growth and innovation on the global stage.

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