Novavax, Inc. (NASDAQ: NVAX), which is also considered one of the frontrunners in the coronavirus vaccine, announced a few additions to its executive team.What Happened: The company said Wednesday it has appointed AstraZeneca plc (NYSE: AZN) veteran Filip Dubovsky as SVP and Chief Medical Officer, overseeing its medical and clinical affairs and related activities.Dubovsky has more than 20 years of experience in infectious diseases and was overseeing clinical development of early and late-stage infectious disease and vaccine assets at AstraZeneca's biologics arm MedImmune.The company also announced the appointment of Silvia Taylor, as SVP, Investor Relations and Corporate Affairs.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Why It Matters: Novavax reported in late March positive Phase 3 results for its influenza vaccine candidate NanoFlu.In late May, the company commenced human studies of its SARS-CoV-2 vaccine candidate, NVX-CoV2373. It also has put in place manufacturing tie-ups to make over 1 billion doses of COVID-19 vaccine antigen annually."I am eager to put my experience to work to help Novavax deliver these novel vaccines to healthcare practitioners and reduce the spread of these harmful diseases worldwide," Dubovsky said.Novavax announced Tuesday it has appointed biotech industry veteran David Mott as an independent director to board.Apart from federal funding for its coronavirus vaccine, the company recently announced an agreement to raise $200 million through private placement with RA Capital.At last check, Novavax shares were rallying 10% to $57.38.See more from Benzinga * The Daily Biotech Pulse: Soleno Flunks Late-Stage Study, Sanofi Strikes Breast Cancer Partnership, NanoViricides Shortlists Coronavirus Treatment Candidates * Novavax Analyst Says DoD Funding Reflects Conviction In Platform, Ability To Deliver On Vaccine * Revisiting The Coronavirus Vaccine Race: Updates On The 10 Candidates In Clinics(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
