Novavax executed its planned site consolidation by signing agreements to transfer one U.S.-based facility and sell certain equipment, resulting in $60 million in cash and expected future cost savings of $230 million.
- Company has moved corporate HQ from 700 Quince Orchard Road to 21 Firstfield Road, Gaithersburg
- Entered into an assignment of 700 Quince Orchard Road, Gaithersburg, MD facility with AstraZeneca
- Sees 3Q non-cash charges $125 million - $127 million
- Assignment of the lease for this facility and sale of certain related assets are both expected to close in January of 2026 and result in $40 million in payments to ...