April 15 (Reuters) - U.S.-based hedge fund Shah Capital
wrote to the Novavax ( NVAX ) board on Monday to push for the instalment
of two new independent board directors, the Financial Times
reported on Monday.
Shah Capital also wants a pivot in the biotech company's
sales strategy for its Covid-19 shot, which is based on
traditional vaccine technology, to target older people unnerved
by rare side effects associated with mRNA jabs from Pfizer and
Moderna, FT reported citing a letter.
(Reporting by Disha Mishra in Bengaluru; Editing by Mrigank
Dhaniwala)