Associated Press
Novavax says it synthesized swine flu for vaccine
Associated Press, 08.05.09, 10:42 AM EDT
ROCKVILLE, Md. -- Biotechnology Novavax Inc. said Wednesday it created a version of the swine flu virus for use in a potential vaccine.
Using a gene sequence provided by the U.S. Centers for Disease Control, Novavax ( NVAX - news - people ) said it produced a virus-like particle, which is similar to particles of swine flu but does not have the genes necessary to replicate. Novavax said it plans to make more of the vaccine for use in clinical studies and to meet demand.
In morning trading, Novavax shares rose 57 cents, or 12 percent, to $5.20, and reached an annual high of $5.59.
The company said it developed the virus-like particle 11 weeks after getting the gene sequence. The company said the result shows it is able to quickly make vaccines under real pandemic conditions.
Novavax says it developed the vaccine using its own production technology. Unlike other vaccine makers, the company said it does not grow the flu virus in chicken eggs.
Source: http://www.forbes.com/feeds/ap/2009/08/05/ap6743404.html
Novavax says it synthesized swine flu for vaccine
Associated Press, 08.05.09, 10:42 AM EDT
ROCKVILLE, Md. -- Biotechnology Novavax Inc. said Wednesday it created a version of the swine flu virus for use in a potential vaccine.
Using a gene sequence provided by the U.S. Centers for Disease Control, Novavax ( NVAX - news - people ) said it produced a virus-like particle, which is similar to particles of swine flu but does not have the genes necessary to replicate. Novavax said it plans to make more of the vaccine for use in clinical studies and to meet demand.
In morning trading, Novavax shares rose 57 cents, or 12 percent, to $5.20, and reached an annual high of $5.59.
The company said it developed the virus-like particle 11 weeks after getting the gene sequence. The company said the result shows it is able to quickly make vaccines under real pandemic conditions.
Novavax says it developed the vaccine using its own production technology. Unlike other vaccine makers, the company said it does not grow the flu virus in chicken eggs.
Source: http://www.forbes.com/feeds/ap/2009/08/05/ap6743404.html
