Japan has canceled an order for greater than 140 million doses of Novavax’s Covid-19 vaccine, Takeda revealed in an SEC submitting.
The nation initially agreed in 2021 to buy 150 million doses of the vaccine from Takeda, which has been producing Novavax’s vaccine at its Hikari-based facility. But after solely buying 8.24 million doses, the Ministry of Health, Labour and Welfare has canceled the remaining 141.76 million doses.
“We are seeing low market demand for Nuvaxovid, lower than expected given the current situation of vaccination in Japan and prevalence of Omicron,” Costa Saroukos, CFO at Takeda, mentioned in the course of the firm’s This autumn name final week.
Because the doses had been being manufactured as orders from the federal government got here in, there will probably be no “disposal” of doses because of the cancelation, Takeda mentioned within the submitting on Friday.
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