May. 19 at 1:16 AM
$NVAX $PFE
While Shah Capital has invested in multiple global sectors-including solar, telecom, and pharmaceuticals-their most notable public activist campaign has involved Novavax (NVAX)
Novavax Campaign: Shah Capital is a ~9% shareholder and has been one of the vaccine maker's most vocal critics. Himanshu Shah has heavily pressured the company to cut executive compensation, downsize its board of directors, and even pursue a potential sale of the company to maximize shareholder value.
Ongoing Pressure: Shah Capital continued to escalate its push against Novavax's leadership, sending presentation decks to the board sharply criticizing the company's financial performance, capital market decisions, and marketing strategies.
(Pfizer and Novavax entered a
$530 million licensing agreement that grants Pfizer non- exclusive, worldwide access to Novavax's Matrix- M adjuvant technology.)
⏬️ Himanshu H. Shah ⏬️
Founder & Executive Chairman, Shah Capital & Marius Pharmaceuticals