(CNBC) Novavax deeply cut its full-year revenue guidance Monday, with no new Covid-19 vaccine sales expected for 2022 in the U.S. or from an international alliance called Covax that represents low- and middle-income countries. The Maryland biotech company cut its 2022 sales outlook by about 50% and now expects to generate $2 billion to $2.3 billion in revenue. Novavax previously forecast $4 billion to $5 billion in revenue.
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
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