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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 11, 2022 to file lead plaintiff applications in a securities class action lawsuit against Novavax, Inc. (NasdaqGS: NVAX).
Novavax and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 5, 2021, the Company disclosed another delay in filing the Emergency Use Authorization (“EUA”) for its COVID-19 vaccine product candidate, NVX-CoV2373, from the third quarter of 2021 to the fourth quarter of 2021. On this news, Novavax’s stock price fell $46.31 per share, or 19.61%, to close at $189.89 per share on August 6, 2021. Then, on October 19, 2021, Politico reported that anonymous sources stated that manufacturing issues could delay regulatory authorizations and approvals for NVX-CoV2373 until the end of 2022.
On this news, Novavax’s shares plummeted $23.69 per share, or 14.76%, to close at $136.86 per share on October 20, 2021.
If you purchased securities of Novavax and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Sinnathurai v. Novavax, et al., 21-cv-02910.
Click here to read the first filed complaint.