In 2021, Takeda (TYO:4502) announced that it would manufacture 150 million doses of COVID-19 vaccine from NovaVax (Nasdaq:NVAX). But the company has disclosed that the Japanese government has canceled the remaining order for the Nuvaxovid vaccine.
The Japanese government acquired 8.24 million vaccine doses but said it would cancel the remaining order for the remaining 141.76 million doses owing to low demand.
Takeda and Novavax are collaborating on developing a new vaccine optimized for future variants in 2023.
Novavax currently has an omicron vaccine candidate in a Phase 3 trial.
The company has data demonstrating that its adjuvanted NVX-CoV2373 vaccine prompts a robust immune response when used as a booster and is effective against forward drift variants of SARS-CoV-2.
Novavax plans to provide a monovalent or bivalent vaccine for the 2023–2024 vaccination season based on FDA feedback. The FDA’s Vaccines and Related Biological Produc…