HF Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, weeks after pushing for a board shakeup at the COVID-19 vaccine maker. Shah Capital, the biotech's third-largest shareholder with a near 7.5% stake, reiterated that the company was "undervalued and continues to suffer from poor profitability".
Open FlipGland Pharma shares gained 3.5% on Tuesday, May 7, after the company announced it had received approval from the United States Food and Drug Administration (USFDA) for its Plerixafor Injection. The injection is used to treat certain types of cancer. In a stock exchange filing, the pharma company said that Plerixafor is a bioequivalent and therapeutically equivalent to Sanofi India’s.
Open FlipCrypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month. Crypto venture capital funding has exceeded $1 billion, signaling sustained investor interest in the industry. In April, a total of $1.02 billion was raised across 161 investment rounds, slightly lower than the $1.09 billion recorded in March from 186 rounds. Several notable fundraises contributed to this milestone.
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