The following is a summary of the Vaxart, Inc. (VXRT) Q2 2024 Earnings Call Transcript:
Financial Performance:
Vaxart reported Q2 2024 revenue of $6.4 million, a significant increase from $1.4 million in Q2 2023.
The revenue increase in Q2 2024 was primarily due to the recognition of revenue from the BARDA contract awarded in January 2024.
Business Progress:
Vaxart has received a BARDA contract valued at up to $453 million for its COVID-19 program, promoting further development of its novel oral vaccine.
Significant progress in the norovirus program with promising clinical trial results and ongoing discussions with the FDA.
Looking forward, Vaxart is preparing to initiate a Phase 2b COVID-19 clinical trial in the second half of 2024, with enrollment of about 10,000 adults planned.
Opportunities:
Vaxart's development and potential commercialization of oral vaccines for COVID-19 and norovirus represent significant market opportunities, given the high incidence and impact of these diseases, especially in vulnerable populations.
Risks:
Vaxart's clinical advancements, particularly in its COVID-19 and norovirus programs, depend on continued FDA approval and alignment, which could affect the timing and success of trials and eventual vaccine approval.
More details: Vaxart IR
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