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COVID-19 vaccine maker Novavax to chop workforce, expenses

Por: ABC News Business May 09, 2023

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Novavax is cutting about a quarter of its global workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue.The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general and administrative expenses by about 40% to 50% compared to 2022. The company has 1,992 full-time employees. A Novavax representative said the cuts will affect about... + full article



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