Vaxart (VXRT) Stock Runs For The Top On COVID-19 News

Vaxart VXRT Stock News

Vaxart Inc (NASDAQ: VXRT) is making a run for the top in the market this morning, and for good reason. The company announced that it has signed a Memorandum of Understanding (MOU) surrounding manufacturing of its COVID-19 vaccine candidate. Here’s what’s going on:

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VXRT Stock Rockets On COVID-19 News

In the press release, Vaxart said that it has entered into an MOU with Attwill Medical Solutions Sterilflow, LP. The MOU affirms that the two companies intend on establishing AMS as a resource for lyophilization development and large scale manufacturing.

In particular, this development and manufacturing surrounds tableting and enteric coating for the oral COVID-19 vaccine currently under development by VXRT.

Importantly, the company said that AMS will be assigning dedicated resources and equipment for the scale up and commercial production of the vaccine once a formal agreement is entered into.

In a statement, Andrei Floroiu, CEO at VXRT, had the following to offer:

We believe AMS’ experience coupled with its ability to manufacture a billion or more doses per year would be a beneficial addition to our group of CDMO partners and enable the large scale manufacturing and ultimate supply of our COVID-19 vaccine for the US, Europe and other countries in need. We believe our oral vaccines, generated on our proven platform, have the potential to offer superior protection against airborne viruses such as SARS-CoV-2 by triggering both mucosal and systemic immunity while being administered by a room temperature-stable tablet, an enormous logistical advantage in large vaccination campaigns.

This Is Great News

The news released by Vaxart is overwhelmingly positive news for the company and its investors. At the end of the day, development of a COVID-19 vaccine is necessary. However, manufacturing is just as important.

Think about it, there’s not point in having a vaccine if there’s not enough of it available to reach the masses. Through this MOU, VXRT is showing investors that it is putting a plan in place to make sure that its vaccine does become available to the masses.

As such, VXRT stock is one that should be on your watchlist.

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