Vaxart Secures Funding and Advances Vaccine Trials

Published 4 hours agoVXRT

Vaxart Secures Funding and Advances Vaccine Trials

Vaxart, Inc., a biotech company known for its innovative vaccine programs, has announced that it has secured sufficient funding to extend its operational cash runway into the first quarter of 2026. This financial boost is critical for sustaining the development of its vaccine initiatives and ensuring ongoing operations in the years to come.

In addition to its bolstered financial position, Vaxart is making strides with its oral COVID-19 vaccine program. The company is preparing for a substantial Phase 2b clinical trial that will involve 10,000 participants and will compare the efficacy of its oral vaccine candidate against an existing mRNA vaccine. This trial represents a significant step forward in the COVID-19 vaccine landscape. Also, Vaxart is advancing its oral norovirus vaccine, having recently started a Phase 1 trial focused on lactating mothers and reporting positive Phase 2 trial results that demonstrate strong immunogenicity and a favorable safety profile.

These developments highlight Vaxart’s ongoing commitment to its vaccine pipeline while ensuring a stable financial footing. As Reuters reported, these strategic moves come at a time when the company's stock price is hovering around $0.4155, with recent trading activity indicating a slight change of $0.01 (0.02%) from the prior closing price. Vaxart continues to navigate a competitive market, marked by a recent intraday high of $0.4799.

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