Novavax Inc., a Rockville, Maryland- based biotechnology company, climbed 4.9 percent after reporting positive results from two early trials of its avian influenza vaccine.
Australia’s government said children aged five years and younger shouldn’t be given CSL Ltd.’s seasonal flu vaccine after reports of a spike in fever and convulsions among kids in Western Australia.
Novartis AG’s first-quarter profit climbed 49 percent, boosted by sales of H1N1 pandemic flu shots and new medicines to treat blindness and brittle bones.
A more effective flu vaccine is needed for the elderly because of their diminished ability to fight off the illness and increased risk of dying from the infection, U.S. health authorities said.
A new type of flu vaccine developed at the U.S. National Institutes of Health outperformed existing products in animal tests, possibly paving the way for a new generation of vaccines.