The Top Reason Novavax Could Still Be a Huge Winner in the COVID-19 Vaccine Market

Novavax originally expected to file for Emergency Use Authorization (EUA) for its COVID-19 vaccine candidate NVX-CoV2373 in the second quarter of 2021. However, it now anticipates EUA filings in the U.K., U.S., and European Union in the third quarter.

The biotech stock sank nearly 25% on the news. While Novavax's shares have bounced back somewhat, they're still not at their previous levels prior to the Q1 update. It's way too early to count Novavax out, though. Here's the top reason that the company could still be a huge winner in the COVID-19 vaccine market.