Novavax had no sales to report for its June quarter. But the Gaithersburg, Md.-based firm’s vaccine has done so well in clinical trials against the Covid-19 virus that its Thursday report on the quarter looked confidently ahead to the authorizations it expects from governments around the world.
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With studies showing its shots to be more than 90% effective at preventing Covid, even from worrisome virus variants, Novavax (ticker: NVAX) stock doubled this year to a Thursday close of $236.20. The shares were off 10%, to $212, in…