It was said that both the companies eyed Novavax’s NanoFlu vaccine. In February, the company had offered positive top-line results from its Phase 1/2 clinical trial of NanoFlu, which has a tremendous opportunity if it goes through the clinical testing. Apart from experimental flu vaccine NanoFlu, the company has another candidate in pipeline i.e. the RSV F vaccine for infants via maternal immunization. The Gaithersburg-based vaccine company hopes to offer results on the Prepare Phase 3 interim efficacy analysis by early 2019.
Novavax is ambitious about its RSV F vaccine and hopes to generate sales of more than $1 billion from this vaccine alone. RSV F, if successful, could snatch the market share from Pfizer’s (PFE) Prevnar. The company recently made a stock offering to raise cash in order to fund the operations.
During the quarter, Novavax’s R&D expenses increased 18% to $44.5 million. The increase was primarily due to increased development activities of the RSV F Vaccine.
“We had an extremely productive first quarter, including making important advances in our two lead clinical vaccine programs. We are pleased to have reached the enrollment target for our Prepare Phase 3 RSV F Vaccine trial, which clears the path for following these most recent participants and their babies, and subsequently announcing top-line results of our planned interim efficacy analysis in the first quarter of 2019,” said CEO Stanley Erck.