Novavax gears up to deliver COVID-19 vaccine doses by year-end
our insight of the week - August 20, 2020
Stanley ("Stan") C. Erck, President and CEO of Novavax, Inc., photo courtesy company
Novavax has significantly ramped up development work on a vaccine, titled NVX-CoV2373, for Covid-19
On July 7, the late-stage biotechnology company won an impressive 1.6 bn USD grant from the US Department of Health and Human Services through a programme called Operation Warp Speed. This represents an enormous show of confidence in Novavax’ hopes to deliver millions of doses in a normally undreamt-of timescale. Production is already underway.
It’s all in the name: by the end of 2020 a vaccine should be ready to be distributed at “warp speed.” Indeed, in normal circumstances, such progress would take at least several years, but here we’re talking about less than six months. The company's stock price, already rising at unprecedented rates prior to this announcement, won a further big “shot in the arm” and is up 3000% this year.
On US news channel CNBC, Novavax President and CEO Stanley C. Erck claimed that the funding would mean that Novavax would be able to conduct Phase I and Phase II trials while “in parallel we would be able to manufacture large quantities at multiple different locations in five or six countries.” Normally manufacturing would begin only after testing is complete, and regulatory approval won, but because the manufacturing process alone can take over 6 months, delaying the production at such a critical time would mean not having large enough quantities of the vaccine for distribution.
Online Signature Event, Novavax, Inc. and SK bioscience, August 13, 2020, photo courtesy company
This is of course a double-edged sword: if the vaccine is safe and effective it will be immediately available, but if it isn’t these doses have to be discarded. However, as Dr Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, explains, this is “a financial risk. It is not a risk for safety, nor is it a risk for scientific integrity.”
The U.S. money from Operation Warp Speed, together with the up to 60m USD investment of the Department of Defense (DoD) allows Novavax to take these risks, thanks to which Dr Gregory Glenn, Novavax’ President of Research and Development, claimed that Novavax was “on track” to deliver 100 million vaccines by the end of the year although this was a “very challenging task.” Furthermore, the funding it received from the Coalition for Epidemic Preparedness Innovations (CEPI) in May, up to 338m USD in total, would be used to modernise and upscale the vaccine manufacturing facilities of its recently-acquired Praha Vaccines, now Novavax CZ, in the Czech Republic so as to produce more than 1bn vaccine doses for next year.
Online Signature Event, Novavax, Inc. and SK bioscience, August 13, 2020, photo courtesy company
Recent partnerships fuelled optimism in late July and August that it could meet this punishing schedule by disclosing partnerships with AGC Biologics, Polypeptide Group, Fujifilm Diosynth Biotechnologies (FDB), Takeda, Serum Institute of India, SK bioscience, Republic of Korea and the UK government.
Mr Erck has said that the arrangements would “ensure the large-scale manufacture of our COVID-19 vaccine candidate.” He added: “We are committed to working together with unprecedented speed to deliver a vaccine to protect our nation’s population.”
The results of Phase I of clinical trials which have just been released show that NVX-CoV2373 was generally well-tolerated and had a reassuring safety profile; Phase II trials are due to begin almost immediately and expand to countries beyond Australia, with those key Phase III trials scheduled for mid-October. As the world holds its breath, Dr Glenn has provided some clues indicating that trial results would include details on T-Cell response and antibodies.
August 20, 2020 by ACUMEN