Novavax Shares Crash After RFK Jr. Comments

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by Tyler Durden

Thursday, Apr 10, 2025 - 11:20 AM

Robert F. Kennedy Jr., in his first national TV appearance as Health and Human Services Secretary under the Trump administration, questioned the effectiveness of Novavax's Covid vaccine during an interview with CBS News' chief medical correspondent, Dr. Jon LaPook. The interview, which cast doubt on the shot, sent shares of the Maryland-based biotech firm crashing on Thursday.

RFK Jr. told LaPook that Novavax's shot targets just one piece of the virus, an approach he said has "never worked" for respiratory illnesses:

We're looking at that vaccine, and it is a single-antigen vaccine. And, for respiratory illnesses, the single-antigen vaccines have never worked and we're actually shifting our priorities to multiple-antigen vaccines. And NIH is already working on a number of those.

RFK Jr.'s comments sent Novavax shares into a tailspin, plunging 24% during late-morning trading in New York. The stock has already suffered steep losses in recent years, falling back to pre-pandemic lows after the pandemic ended.

more:

https://www.zerohedge.com/markets/novavax-shares-crash-after-rfk-jr-comments-cbs