skyrocketed on Friday, gaining as much as 120% on the news French drug and vaccine giant Sanofi (SNY) would invest $1.2 billion in a deal for Novavax's COVID-19 vaccine and take a minority stake in the struggling biotech company.
The deal gave Novavax a much-needed cash boost as the company had flagged after a pandemic-era surge.
"This is a new chapter in the history of our…

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