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11 months ago

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Novavax forecasts higher-than-expected revenue; shares surge

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Novavax forecasts higher-than-expected revenue; shares surge

COVID-19 vaccine maker Novavax Inc on Tuesday forecast much higher 2023 revenue than Wall Street expected and announced plans to cut a quarter of its workforce, spurring hopes of a recovery for the cash-strapped biotech, and its shares jumped 40%.

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Novavax forecasts higher-than-expected revenue; shares surge

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Novavax forecasts higher-than-expected revenue; shares surge

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