• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

New York City women are making up to $30,000 per month by renting out their closets to strangers

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

New York City women are making up to $30,000 per month by renting out their closets to strangers

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Novavax

A ‘breadth of protection’: Novavax’s newly approved COVID vaccine arms the U.S. with a new weapon against Omicron BA.5 subvariant

Grady McGregor
By
Grady McGregor
Grady McGregor
Down Arrow Button Icon
Grady McGregor
By
Grady McGregor
Grady McGregor
Down Arrow Button Icon
July 14, 2022, 4:04 AM ET
Novavax-lab-vaccine-covid
Inside a Novavax lab on May 25, 2022, in Gaithersburg, Md. Matt McClain—The Washington Post/Getty Images
Add Fortune on Google for similar content.

The U.S. Food and Drug Administration (FDA) on Wednesday approved the COVID-19 vaccine from American vaccine maker Novavax, adding a fourth shot to the U.S.’s arsenal of anti-COVID weapons just as the highly transmissible Omicron subvariant BA.5 drives a surge of infections. Novavax’s approval culminates a vaccine development process that was at once plagued by regulatory and manufacturing issues and buoyed by data that consistently showed the jab’s effectiveness.

“This authorization reflects the strength of our COVID-19 vaccine’s efficacy and safety data, and it underscores the critical need to offer another vaccine option for the U.S. population while the pandemic continues,” Novavax CEO Stanley C. Erck said in a press release.

Novavax conducted its initial clinical trial in the spring of 2021, before the rise of more vaccine-evasive variants Delta and Omicron. At the time, the vaccine proved 90% effective against stopping infections and 100% effective in preventing deaths in the critical trial, matching the performance of Moderna’s and Pfizer’s mRNA jabs.

Novavax, headquartered in Gaithersburg, Md., developed a COVID jab that is protein-based; it relies on more traditional vaccine technology that deploys a harmless version of the spike protein to teach the immune system to create antibodies to fight off the virus. Newer mRNA technology employed by Pfizer and Moderna uses genetically engineered mRNA to create the antibodies. The Novavax vaccine also differs from Johnson & Johnson’s COVID shot in that the Novavax jab uses the actual spike protein of the coronavirus—rather than an adenovirus that encodes the spike protein—to elicit an immune response.

Experts are hopeful that Novavax’s COVID vaccine is different enough from those already on the market that it appeals to vaccine holdouts.

“Today’s authorization offers adults in the United States who have not yet received a COVID-19 vaccine another option that meets the FDA’s rigorous standards for safety, effectiveness, and manufacturing quality needed to support emergency use authorization,” FDA Commissioner Robert M. Califf said in a press release. The U.S. government announced earlier this week that it had purchased 3.2 million doses of the Novavax vaccine, enough to vaccinate 1.6 million people. The U.S. Centers for Disease Control is expected to recommend deploying the shots when it meets on July 19.

For now, Novavax’s vaccine will only be available in the U.S. as a primary, two-dose regimen, meaning those who want a Novavax booster shot will likely have to wait several weeks or longer.

Novavax’s vaccine has been approved as both a primary vaccine and a booster in dozens of markets including in the European Union, Australia, and Japan. The company will soon seek authorization as a booster dose in the U.S. and is working on an Omicron-specific booster jab that it expects to roll out later this fall.

On July 1, Novavax said that its vaccine prompted “broad immune responses” against all COVID variants, including BA.5, in clinical data. Novavax has not publicly released the data, but some experts are optimistic that it might outperform mRNA vaccines against BA.5 owing to its technology.

“I wonder if we’re not witnessing some of the limitation that there may be [with] the mRNA vaccines. Yes, they were first out of the gate. But they don’t appear to have that breadth of protection,” Wayne A. Marasco, an FDA adviser and virology professor at the Dana-Farber Cancer Institute, told the Washington Post about the potential benefits of Novavax’s protein-based jab. Marasco said that Novavax’s data on new variants was impressive, and noted that the data also intrigued other FDA advisers.

John Moore, virologist at Weill Cornell, told the New York Times that Novavax’s vaccine likely produces fewer side effects than its mRNA counterparts, which may make it a popular booster option should the U.S. approve it for that use.

Novavax’s vaccine has garnered a devoted online fan base, the so-called Novastans, who are attracted to the vaccine as an alternative to mRNA shots. Some of the vaccine’s devotees put off getting a COVID vaccine until the U.S. government approved the Novavax shot.

Today, the Novastans are rejoicing.

“I am so happy for all my Novavites who truly endured, suffered in many ways, waited, prayed and hoped so they could get an alternative to [mRNA vaccines],” one user wrote on a Reddit forum dedicated to the vaccine. “[It’s] about time!” another user wrote.

Shareholders in Novavax, a 35-year-old company that had never brought a product to market until now, are likely celebrating too. Novavax’s stock price has jumped up 9% since Tuesday, when Politico broke the news that the FDA would officially approve Novavax’s vaccine the next day.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Grady McGregor
By Grady McGregor
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in

Current price of gold as of July 28, 2026
Personal Financegold prices
Current price of gold as of July 28, 2026
By Danny BakstJuly 28, 2026
1 hour ago
A smartphone displaying the logo of The Bank of New York Mellon Corporation (BNY) in front of a BNY brand background.
AICFO Daily
BNY skipped the ‘tokenmaxxing’ craze. Here’s what AI metrics it tracks instead
By Sheryl EstradaJuly 28, 2026
2 hours ago
Greg Brockman on the week two OpenAI AI models went rogue
NewslettersTerm Sheet
Greg Brockman on the week two OpenAI AI models went rogue
By Allie GarfinkleJuly 28, 2026
2 hours ago
Top CD rates from major banks July 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on July 28, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 28, 2026
2 hours ago
imf
EconomyArgentina
IMF praises ‘sacrifice of the Argentine people’ as Milei’s austerity measures bring end of debt deals into view
By Débora Rey and The Associated PressJuly 28, 2026
2 hours ago
A Kirin 9000s chip fabricated in China by Semiconductor Manufacturing International Corp. (SMIC), taken from a Huawei Technologies Co. Mate 60 Pro smartphone, photographed on Sept. 3, 2023. (Photo: James Park/Bloomberg/Getty Images)
NewslettersFortune Tech
A Chinese firm has begun manufacturing chipmaking machines, putting ASML and the world on notice
By Andrew NuscaJuly 28, 2026
2 hours ago

Most Popular

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
C-Suite
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
22 hours ago
New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
1 day ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
3 days ago
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'
Success
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'
By Sydney LakeJuly 27, 2026
17 hours ago
Current price of silver as of Monday, July 27, 2026
Personal Finance
Current price of silver as of Monday, July 27, 2026
By Joseph HostetlerJuly 27, 2026
1 day ago
I've been teaching college students for decades. Most of them can no longer finish a book
Commentary
I've been teaching college students for decades. Most of them can no longer finish a book
By Austin SaratJuly 26, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.