Novavax Earns $125 Million Milestone as Sanofi Starts Phase 3 Flu-COVID Vaccine Trial

By Public Technologies
  • Novavax earned $125 million on Oct. 29, 2026, as Sanofi initiated a Phase 3 influenza-COVID-19 combination vaccine trial in Europe.
  • The trial assesses safety and immunogenicity of Nuvaxovid combined with Sanofi’s high-dose flu vaccine in adults aged 60 and older.
  • The partnership has generated more than $1 billion in revenue to date.
  • A further $75 million milestone is tied to successful completion of manufacturing technology transfer, anticipated in mid-2027.
  • A U.S. combination vaccine launch following successful clinical and regulatory completion would trigger $225 million; combination products also carry royalties.


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