Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Novavax, Inc. (NVAX) Investors - Yahoo Finance
LOS ANGELES, November 17, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Novavax, Inc. ("Novavax" or the "Company") (NASDAQ: NVAX) securities between March 2, 2021 and October 19, 2021, inclusive (the "Class Period"). Novavax investors have until January 11, 2022 to file a lead plaintiff motion.
If you suffered a loss on your Novavax investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/novavax-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On May 10, 2021, The Washington Post reported that Novavax’s Emergency Use Authorization ("EUA") "filing was delayed by manufacturing regulatory issues, until June at the earliest, according to four people who had recently been briefed on the [C]ompany’s plans." Later that day, Novavax confirmed the claims, revealing that it was not likely to pursue an EUA for NVX-CoV2373 in the U.S. until its third quarter – July 2021 at the earliest.
On this news, Novavax’s stock price fell $15.50 per share, or 8.81%, to close at $160.50 per share on May 10, 2021. The stock price continued to decline $22.32 per share, or 13.91%, to close at $138.18 per share on May 11, 2021, thereby injuring investors.
Then, on August 5, 2021, Novavax released its second quarter financial results and reported that it expected to file for NVX-CoV2373’s EUA in the fourth quarter of 2021, rather than the third quarter.
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.
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-leading-200000912.html
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