According to NIAID directer Dr Anthony Fauci, it will take a year for a Covid-19 vaccine to be available globally. Credit: Shutterstock.com

Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates

Follow the latest updates of the outbreak on our timeline.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Novavax has received initial funding of $4m from the Coalition for Epidemic Preparedness Innovations (CEPI) for the development of a Covid-19 vaccine.

The company is in discussions with CEPI for additional funds to support development through to Phase I.

Last month, the company started testing its recombinant nanoparticle vaccine candidates for coronavirus in animal models.

The candidates produce antigens derived from the coronavirus spike (S) protein. Novavax is planning to use its Matrix-M adjuvant with its Covid-19 vaccine candidates to boost immune responses.

The company expects the preclinical findings to help determine an optimal candidate for human studies, with a clinical trial anticipated to begin in May or June.

Novavax president and CEO Stanley Erck said: “This first stage of funding from CEPI is critical to enable the ongoing development of our Covid-19 vaccine candidates.

“We commend CEPI for its role as a vital partner to bridge the funding gap for innovative biotech companies like Novavax, which have robust vaccine technology platforms. Novavax is working tirelessly to create a vaccine against this growing epidemic.”

CEPI is funding multiple research projects aimed at developing a vaccine against Covid-19 disease.

CEPI CEO Richard Hatchett said: “The current crisis shows that we cannot prevent all infectious diseases from emerging. But we can and must double down on developing vaccines.

“CEPI has moved quickly and urgently to coordinate with global health authorities and vaccine-development partners. CEPI is pleased to be partnering with Novavax to rapidly develop a potential vaccine candidate against the global threat posed by Covid-19.”

In a separate development, Novavax signed an agreement with Emergent BioSolutions for contract development and manufacturing (CDMO) services.

As part of the agreement, Emergent will manufacture Novavax’s Covid-19 experimental vaccine candidate for use in the Phase I trial.

Also, the deal provides access to Emergent’s rapid deployment capabilities and expertise for Novavax to generate vaccine product for stockpiling.

Emergent will produce drug substance at its Bayview facility and drug product at its Camden facility in the US.