Novavax Stock Continues to Soar As Coronavirus’ Panic Grows


The coronavirus crisis escalated significantly over the course of the past week or so as the epidemic spread to other nations. Cases have also been discovered in the United States in recent days. In such a situation, it is only natural that companies which are involved in developing vaccines for the virus could end up making considerably financial gains. One such company is the vaccine company

Coronavirus Stock to Watch: Novavax Inc. (NASDAQ:  NVAX)

Novavax, Inc. (NASDAQ: NVAX) and market watchers expect the company to come up with a product to combat the crisis. However, it is also true that despite the promise, the Novavax stock is still a risky investment.

First and foremost, it should be kept in mind that other companies are also working on coronavirus vaccines. As a matter of fact, there are other biotech companies that are quite a bit ahead in their quest to develop a vaccine for coronavirus. Hence, it could be a touch risky to back Novavax to emerge as the winner in the rice.

Coronavirus Stock to Watch: Novavax Inc. (NASDAQ:  NVAX)

On the other hand, the company has no approved products in the market at this point. While the NanoFLU vaccine appears promising and is expected to be approved by the FDA, it is unlikely to bring about any major change.

Another company that is worth tracking at this point is CBD Unlimited Inc (OTC: EDXC), which has emerged as one of the major players in the CBD industry in recent years.

CBD Unlimited Inc (OTC: EDXC) is involved in manufacturing CBD products like capsules, oils, and pet products from hemp-based CBD. Phyto-Bites, a chew for pets, is one of the most important products for the company. In this regard, it should also be noted that CBD Unlimited has a research and development arm that helps the company in developing products that are highly accurate with regards to dosage. However, that is not all.

CBD Unlimited Inc (OTC: EDXC) has also managed to create a strong retail network, and its products are now available in more than 5600 stores across the United States. However, CBD Unlimited Inc (OTC: EDXC) is looking to increase the numbers to more than 20000 stores by the end of the year and later on to more than 50000.

CBD Unlimited Inc (OTC: EDXC) has managed to expand its international operations as well and recently got approval to distribute its products in South Africa and Puerto Rico.

Source: Stock Market Press

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