Novavax in Gaithersburg Announces $1.6 Billion Funding

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Real Estate Agent with Realty Group Referrals 16766

Novavax in Gaithersburg Announces $1.6 Billion Funding 

 

Novavax—a biotechnology company located in Gaithersburg—has been awarded $1.6 billion to accelerate the development of a potential COVID-19 vaccine.

The company announced Tuesday that it has been selected to participate in Operation Warp Speed. This federal government program will help cover testing, commercialization, and manufacturing of a potential COVID-19 vaccine in the United States. The program aims to start delivering millions of doses of a safe, effective vaccine for COVID-19 in 2021. According to a press release, this grant funding will allow Novavax to complete late-stage clinical development, including a pivotal Phase 3 clinical trial, establish large-scale manufacturing, and deliver 100 million doses of NVX‑CoV2373, Novavax’ COVID-19 vaccine candidate, as early as late 2020.  Montgomery Community Media

 

 

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Daylily, Kentlands Photowalk, Gaithersburg, MD USA IMG 4500
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Photograph by Roy Kelley
Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Rainmaker
4,864,561
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

That is wonderful, and I hope that they do create a perfect vaccine for that flu. In the meantimes, people are recovering.  A

Jul 07, 2020 12:38 PM #1
Rainmaker
2,749,016
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I am hopeful a truly beneficial vaccine is created soon.  We continue to lose about 1000 people a day to Covid 19, here in the U.S. 

Thus far a total of 131,000 have died here in this country. That's more than we lost in WW 1, Korean and the Vietnam Wars put together!

Jul 07, 2020 03:38 PM #2
Rainmaker
5,821,314
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Gaithersburg’s Novavax has just received the LARGEST Operation Warp Speed federal funding award -$1.6 Billion- in the race to find a COVID-19 vaccine. Novavax is a shining example of Montgomery County’s #BuiltforBio status and the epicenter of global healthcare and life science. Read more:

https://cnb.cx/3iL0O9t

The U.S. government has awarded Novavax $1.6 billion to cover testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States, with the aim of delivering 100 million doses by January 2021.

 

 
Jul 08, 2020 08:26 AM #4
Rainmaker
5,821,314
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for your comments. It is always good to hear from you.

Jul 13, 2020 03:49 AM #8
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