financetom
Business
financetom
/
Business
/
US orders Vaxart to stop COVID-19 trial amid mRNA wind down
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US orders Vaxart to stop COVID-19 trial amid mRNA wind down
Aug 13, 2025 2:47 PM

Aug 13 (Reuters) - Vaxart ( VXRT ) said on Wednesday it

received an order to stop work on screening and enrollment for

its COVID-19 mid-stage trial, joining multiple biotech companies

that have lost government funding for their vaccine programs.

The drug developer said it will keep working on its oral

COVID-19 vaccine by monitoring participants already in the

trial, but it will stop new enrollment.

The order is part of the U.S. Department of Health and Human

Services decision to wind down mRNA vaccine development

activities under its biomedical research unit.

The unit, Biomedical Advanced Research and Development

Authority, helps companies develop medical supplies to address

public health threats, and had provided billions of dollars for

development of vaccines during the COVID pandemic.

This is the latest development under U.S. Health Secretary

Robert F. Kennedy Jr., a long-time vaccine skeptic who has been

making sweeping changes to reshape vaccines, food and medicine

policies.

Kennedy said the HHS is terminating these programs because

data show these vaccines "fail to protect effectively against

upper respiratory infections like COVID and flu," but did not

offer scientific evidence.

Vaxart's ( VXRT ) project award was valued at up to $453 million,

which included an upfront $65.7 million and up to $387.2 million

in milestone payments.

The milestone payment was dependent on whether BARDA

determines that the study may further proceed.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AstraZeneca Doubles Down On US Biologics Buildout As Drug Discovery Partnership Grows
AstraZeneca Doubles Down On US Biologics Buildout As Drug Discovery Partnership Grows
Nov 24, 2025
Hong Kong-based Harbour BioMed announced on Sunday an update and advancement of its global strategic collaboration with AstraZeneca Plc ( AZN ) , initially established in March 2025. • AZN is in positive territory. Get the market research here. Harbour BioMed is a biopharmaceutical company focused on the discovery and development of antibody therapeutics in immunology and oncology. The collaboration aims to...
Kohl's Makes Michael Bender Permanent CEO Amid Falling Sales
Kohl's Makes Michael Bender Permanent CEO Amid Falling Sales
Nov 24, 2025
12:56 PM EST, 11/24/2025 (MT Newswires) -- Kohl's (KSS) named Michael Bender its permanent chief executive as the department-store chain seeks to return to comparable sales growth. Earlier this year, Kohl's appointed Bender as interim CEO after terminating former incumbent Ashley Buchanan over violations of the company's conflict of interest policy. Bender's CEO appointment took effect on Sunday. Over the...
Reliable Energy Expands Midwest Presence with Acquisition of Gateway Propane
Reliable Energy Expands Midwest Presence with Acquisition of Gateway Propane
Nov 24, 2025
NEW YORK, Nov. 24, 2025 /PRNewswire/ -- Reliable Energy Partners (Reliable), a growth platform targeting residential and commercial customers in the highly fragmented propane distribution sector and backed by Soundcore Capital Partners, LP (Soundcore), is pleased to announce its acquisition of Gateway Propane (Gateway). Gateway is a market leading propane distributor specializing in providing forklift cylinder exchange services to commercial...
Market Chatter: SAP Employee Sentiment Declines Amid Restructuring, Job Cuts
Market Chatter: SAP Employee Sentiment Declines Amid Restructuring, Job Cuts
Nov 24, 2025
12:54 PM EST, 11/24/2025 (MT Newswires) -- SAP's (SAP) executive board is facing declining employee trust following job cuts and an organizational restructuring, according to an internal survey, Bloomberg News reported on Monday. Trust in SAP's executive board fell to 59%, down six points from April, according to an internal email sent by SAP's Chief Human Resources Officer Gina Vargiu-Breuer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved