LaurenM21
Nov 14, 5:30 PM
$NVAX Remember when the pitch was Sanofi taking 20–30% COVID share? Management quietly buried that thesis, and it is another "learning" year after learning year:
- Sanofi did ~
$30M in Q3 Nuvaxovid sales, so just
$6M in royalties to NVAX (vs.
$76M in Q3 R&D/SG&A)
- Profitability pushed to 2029 waiting on
$225M launch milestone and sub-teen combo royalties, giving up standalone Nuvaxovid hopes
Baggies still waiting for triple digits on these dismal numbers! Stock is fairly valued between
$8-16. It'll take a miracle and another pandemic to breakout. Accept reality for those who bought the triple digits, and take advantage of trading the current price range to regain your losses.
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