Top Tech Stocks For 2023

Shares of Novavax, Inc. (NVAX Quick QuoteNVAX ) have skyrocketed 117.2% this year so far compared with the industry’s 0.8% rise.

Image Source: Zacks Investment Research

This rally in share price is primarily being driven by the company’s potential COVID-19 vaccine candidate NVX-CoV2373. The COVID vaccine was found to be effective against strains of the coronavirus first found in the United Kingdom, the United States, Brazil, South Africa and India.

COVID-19 Vaccine

The vaccine is developed using Novavax’s proprietary nanoparticle technology and is advancing well in the late-stage studies.

In June, the company announced data from the phase III PREVENT-19 study, which evaluated NVX-CoV2373 in the United States and Mexico. The study met its primary endpoint by demonstrating an overall vaccine efficacy of 90.4%. It also met 100% protection against moderate and severe disease, which indicates a key secondary endpoint.

Top Tech Stocks For 2023: Daxor Corporation(DXR)

Daxor Corporation, a medical device company, provides biotechnology and cryobanking services in the United States. The company offers BVA-100 Blood Volume Analyzer, an instrument that measures blood volume in human body. BVA-100 Blood Volume Analyzer is used to diagnose and treat patients in various medical and surgical conditions, including congestive heart failure, critical care medicine and intensive care unit medicine, hypertension, syncope, pre-operative blood screening for hidden anemia, anemia in cancer patients, kidney failure, and hyponatremia. It also provides semen banking, blood storage, andrology, and general lab testing services. The company was formerly known as Idant Corporation and changed its name to Daxor Corporation in May 1973. Daxor Corporation was founded in 1970 and is headquartered in New York, New York.

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