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  4. U.S. CDC recommends use of Novavax's COVID shot for adolescents
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U.S. CDC recommends use of Novavax's COVID shot for adolescents

(Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Monday signed off on the use of Novavax (NASDAQ:NVAX) Inc's COVID-19 vaccine for adolescents aged 12...
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U.S. CDC recommends use of Novavax's COVID shot for adolescents © Reuters. FILE PHOTO: Vials with a sticker reading, "COVID-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Novavax logo in this illustration taken October 31, 2020. REUTERS/Dado Ruvic/Illustration

(Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Monday signed off on the use of Novavax (NASDAQ:NVAX) Inc's COVID-19 vaccine for adolescents aged 12 through 17.

The recommendation follows the U.S. Food and Drug Administration's authorization for the vaccine for the age group last week.

The protein-based vaccine received emergency use authorization in July for use among adults in the United States, with health officials hoping it would drive uptake among those skeptical of messenger RNA shots from Moderna (NASDAQ:MRNA) Inc and Pfizer Inc. (NYSE:PFE)

However, Novavax earlier this month halved its full-year revenue forecast, saying it does not expect further sales of its COVID-19 shot in the United States this year.

The company said it was late to the U.S. market and also pointed to softer demand in the face of a global vaccine supply glut.

So far 11,990 Novavax vaccine doses have been administered in the United States, according to latest government data.

The vaccine, which has already been cleared in countries such as Japan and Australia for use among adolescents, has also been plagued by manufacturing snags, regulatory delays and sluggish uptake in key markets such as Europe.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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