Novavax COVID-19 Vaccine Demonstrates 90% Overall Efficacy and 100% Protection Against Moderate and Severe Disease in PREVENT-19 Phase 3 Trial

Novavax, Inc.

PR90073

 

GAITHERSBURG, Md., June 14, 2021 /PRNewswire=KYODO JBN/ --

 

  -- 93% efficacy against predominantly circulating Variants of Concern and

     Variants of Interest

  -- 91% efficacy in high-risk populations

  -- 100% efficacy against variants "not considered Variants of

     Concern/Interest"

  -- All COVID-19 hospitalizations/death occurred in the placebo group

  -- Company to host investor conference call today at 8:30 am ET

 

Novavax, Inc. (Nasdaq: NVAX), today announced that NVX-CoV2373, its recombinant

nanoparticle protein-based COVID-19 vaccine, demonstrated 100% protection

against moderate and severe disease, 90.4% efficacy overall, and met the

primary endpoint in its PREVENT-19 pivotal Phase 3 trial. The study enrolled

29,960 participants across 119 sites in the U.S. and Mexico to evaluate

efficacy, safety and immunogenicity, with an emphasis on recruiting a

representative population of communities and demographic groups most impacted

by the disease.

 

"Today, Novavax is one step closer to addressing the critical and persistent

global public health need for additional COVID-19 vaccines. These clinical

results reinforce that NVX-CoV2373 is extremely effective and offers complete

protection against both moderate and severe COVID-19 infection," said Stanley

C. Erck, President and Chief Executive Officer, Novavax. "Novavax continues to

work with a sense of urgency to complete our regulatory submissions and deliver

this vaccine, built on a well understood and proven platform, to a world that

is still in great need of vaccines."

 

The company intends to file for regulatory authorizations in the third quarter,

upon completion of the final phases of process qualification and assay

validation needed to meet chemistry, manufacturing and controls (CMC)

requirements. Upon regulatory approvals, Novavax remains on track to reach

manufacturing capacity of 100 million doses per month by the end of the third

quarter and 150 million doses per month by the end of the fourth quarter of

2021.

 

"PREVENT-19 confirms that NVX-CoV2373 offers a reassuring tolerability and

safety profile," said Gregory M. Glenn, M.D., President of Research and

Development, Novavax. "These data show consistent, high levels of efficacy and

reaffirm the ability of the vaccine to prevent COVID-19 amid ongoing genetic

evolution of the virus. Our vaccine will be a critical part of the solution to

COVID-19 and we are grateful to the study participants and trial staff who made

this study possible, as well as our supporters, including the U.S. Government."

 

Click here (

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) to view multimedia content, including B-roll, an illustrated fact sheet and

other resources that accompany this press release.

 

Results: Consistent, high efficacy among circulating variants

 

In the placebo-controlled, observer-blinded study randomized 2:1, NVX-CoV2373

demonstrated overall efficacy of 90.4% (95% CI: 82.9, 94.6), achieving its

primary endpoint. Seventy-seven cases were observed: 63 in the placebo group

and 14 in the vaccine group. All cases observed in the vaccine group were mild

as defined by the trial protocol. Ten moderate cases and four severe cases were

observed, all in the placebo group, yielding a vaccine efficacy of 100% (95%

CI: 87.0, 100) against moderate or severe disease.

 

Efficacy endpoints were accrued from January 25 through April 30, 2021 - a time

when the Alpha (B.1.1.7) variant, first identified in the U.K., became the

predominant strain in the U.S. Other strains, including Variants of Interest

(VoI) and Variants of Concern (VoC), were also on the rise during the

PREVENT-19 endpoint accrual window. Click here for CDC definitions of variants

(

https://c212.net/c/link/?t=0&l=en&o=3194860-1&h=1002882103&u=https%3A%2F%2Fwww.cdc.gov%2Fcoronavirus%2F2019-ncov%2Fvariants%2Fvariant-info.html&a=Click+here+for+CDC+definitions+of+variants

).

 

Sequence data are available for 54 of the 77 cases. PREVENT-19 met its key

secondary endpoint, demonstrating 100% efficacy (95% CI: 80.8, 100) against

variants not considered VoC/VoI. Of the sequenced cases, 35 (65%) were VoC, 9

(17%) were VoI, and 10 (19%) were other variants. Against VoC/VoI, which

represented 82% of the cases, vaccine efficacy was 93.2% (95% CI: 83.9, 97.1),

achieving a key exploratory endpoint of the study. Thirty-eight of the VoC/VoI

cases were in the placebo group and 6 were in the vaccine group.

 

NVX-CoV2373 also showed success among "high-risk" populations (defined as over

age 65, under age 65 with certain comorbidities or having life circumstances

with frequent COVID-19 exposure): vaccine efficacy was 91.0% (95% CI: 83.6,

95.0), with 62 COVID-19 cases in the placebo group and 13 COVID-19 cases in the

vaccine group.

 

Results: Reasserting a favorable safety profile

 

Preliminary safety data from PREVENT-19 showed the vaccine to be generally

well-tolerated. Serious and severe adverse events were low in number and

balanced between vaccine and placebo groups. No single adverse event term was

reported by more than 1% of participants. In assessing reactogenicity 7 days

after Dose 1 and Dose 2, injection site pain and tenderness, generally mild to

moderate in severity, were the most common local symptoms, lasting less than 3

days. Fatigue, headache and muscle pain were the most common systemic symptoms,

lasting less than 2 days.

 

Study Endpoints

 

The primary endpoint for PREVENT-19 was the first occurrence of PCR-confirmed

symptomatic (mild, moderate or severe) COVID-19 with onset at least 7 days

after the second dose in serologically negative (to SARS-CoV-2) adult

participants at baseline. The statistical success criterion included a lower

bound of 95% CI >30%.

 

Novavax expects to share further details of the PREVENT-19 trial results as

additional data become available. Further analyses of the trial are ongoing and

will be shared via preprint servers as well as submitted to peer-review

journals for publication.

 

The placebo-controlled portion of PREVENT-19 continues in adolescents from 12

to less than 18 years of age, which recently completed enrollment with 2,248

participants.

 

Variant Virus Strains

 

The CDC has defined Variant of Interest (VoI) as a variant with genetic markers

that have been associated with changes to receptor binding, reduced

neutralization by antibodies generated against previous infection or

vaccination, or predicted increase in transmissibility or disease severity. A

Variant of Concern (VoC) is defined as a variant for which there is evidence of

an increase in transmissibility, more severe disease, significant reduction in

neutralization by antibodies generated during previous infection or

vaccination, reduced effectiveness of treatments or vaccines, or diagnostic

detection failures.

 

About PREVENT-19

 

PREVENT-19 (the PRE-fusion protein subunit Vaccine Efficacy Novavax Trial |

COVID-19) is a 2:1 randomized, placebo-controlled, observer-blinded study to

evaluate the efficacy, safety and immunogenicity of NVX-CoV2373 with

Matrix-M(TM) adjuvant in 29,960 participants 18 years of age and older in 119

locations in the United States and Mexico, compared with placebo.

 

PREVENT-19 is being conducted with support from the U.S. government, including

the Department of Defense, the Biomedical Advanced Research and Development

Authority (BARDA), part of the Office of the Assistant Secretary for

Preparedness and Response at the U.S. Department of Health and Human Services

(HHS), and the National Institute of Allergy and Infectious Diseases (NIAID),

part of the National Institutes of Health (NIH) at HHS. BARDA is providing up

to $1.75 billion under a Department of Defense agreement.

 

Conference Call

 

Novavax will host a conference call today at 8:30am ET. The dial-in numbers for

the conference call are (866) 652-5200 (Domestic) or (412) 317-6060

(International). Participants will be prompted to request to join the Novavax,

Inc. call. A replay of the conference call will be available starting at 7:30

p.m. ET on June 14, 2021, until 11:59 p.m. ET on June 21, 2021. To access the

replay by telephone, dial (877) 344-7529 (Domestic) or (412) 317-0088

(International) and use passcode 10157478.

 

A webcast of the conference call can also be accessed on the Novavax website at

novavax.com/events (

https://c212.net/c/link/?t=0&l=en&o=3194860-1&h=2554394759&u=https%3A%2F%2Fir.novavax.com%2Fevents&a=novavax.com%2Fevents

). A replay of the webcast will be available on the Novavax website until

September 14, 2021.

 

About NVX-CoV2373

 

NVX-CoV2373 is a protein-based vaccine candidate engineered from the genetic

sequence of the first strain of SARS-CoV-2, the virus that causes COVID-19

disease. NVX-CoV2373 was created using Novavax' recombinant nanoparticle

technology to generate antigen derived from the coronavirus spike (S) protein

and is formulated with Novavax' patented saponin-based Matrix-M(TM) adjuvant to

enhance the immune response and stimulate high levels of neutralizing

antibodies. NVX-CoV2373 contains purified protein antigen and can neither

replicate, nor can it cause COVID-19. In preclinical studies, NVX-CoV2373

induced antibodies that blocked the binding of spike protein to cellular

receptors and provided protection from infection and disease. It was generally

well-tolerated and elicited robust antibody response in Phase 1/2 clinical

testing.

 

NVX-CoV2373 is being evaluated in two pivotal Phase 3 trials: a trial in the

U.K. that demonstrated efficacy of 96.4% against the original virus strain,

86.3% against the B.1.1.7 (Alpha) variant and 89.7% overall; and the PREVENT-19

trial in the U.S. and Mexico that began in December 2020. It is also being

tested in two ongoing Phase 2 studies that began in August 2020: A Phase 2b

trial in South Africa that demonstrated 55% efficacy overall in HIV-negative

participants and 48.6% efficacy against the B.1.351 (Beta) variant, and a Phase

1/2 study in the U.S. and Australia.

 

NVX-CoV2373 is stored and stable at 2°- 8°C, allowing the use of existing

vaccine supply chain channels for its distribution. It is packaged in a

ready-to-use liquid formulation in 10-dose vials.

 

About Matrix-M(TM) Adjuvant

 

Novavax' patented saponin-based Matrix-M(TM) adjuvant has demonstrated a potent

and well-tolerated effect by stimulating the entry of antigen-presenting cells

into the injection site and enhancing antigen presentation in local lymph

nodes, boosting immune response.

 

About Novavax

 

Novavax, Inc. (Nasdaq: NVAX) is a biotechnology company that promotes improved

health globally through the discovery, development and commercialization of

innovative vaccines to prevent serious infectious diseases. The company's

proprietary recombinant technology platform combines the power and speed of

genetic engineering to efficiently produce highly immunogenic nanoparticles

designed to address urgent global health needs. Novavax is conducting

late-stage clinical trials for NVX-CoV2373, its vaccine candidate against

SARS-CoV-2, the virus that causes COVID-19. NanoFlu(TM), its quadrivalent

influenza nanoparticle vaccine, met all primary objectives in its pivotal Phase

3 clinical trial in older adults and will be advanced for regulatory

submission. Both vaccine candidates incorporate Novavax' proprietary

saponin-based Matrix-M(TM) adjuvant to enhance the immune response and

stimulate high levels of neutralizing antibodies.

 

For more information, visit www.novavax.com and connect with us on Twitter (

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) and LinkedIn (

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).

 

Forward-Looking Statements

 

Statements herein relating to the future of Novavax and the ongoing development

of its vaccine and adjuvant products are forward-looking statements. Novavax

cautions that these forward-looking statements are subject to numerous risks

and uncertainties, which could cause actual results to differ materially from

those expressed or implied by such statements. These risks and uncertainties

include those identified under the heading "Risk Factors" in the Novavax Annual

Report on Form 10-K for the year ended December 31, 2020, as filed with the

Securities and Exchange Commission (SEC). We caution investors not to place

considerable reliance on forward-looking statements contained in this press

release. You are encouraged to read our filings with the SEC, available at

http://sec.gov, for a discussion of these and other risks and uncertainties.

The forward-looking statements in this press release speak only as of the date

of this document, and we undertake no obligation to update or revise any of the

statements. Our business is subject to substantial risks and uncertainties,

including those referenced above. Investors, potential investors, and others

should give careful consideration to these risks and uncertainties.

 

Contacts:

 

Investors

Novavax, Inc.

Erika Schultz | +1 240-268-2022

ir@novavax.com

 

Solebury Trout

Alexandra Roy | +1 617-221-9197

aroy@soleburytrout.com

 

Media

Alison Chartan | +1 240-720-7804

Laura Keenan | +1 202-709-7521

Amy Speak | +1 617-420-2461

media@novavax.com

 

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SOURCE: Novavax, Inc.

 

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