A few weeks before the announcement, Waxert allowed an amendment to the warrant agreements, which allowed Armistice to sell almost all of its stock, which he did after the share price skyrocketed.
Waxart has not been selected by Operation Tana Speed to receive research funding, but instead had limited participation, HHS told the New York Times in July. Waxart’s vaccine, an oral tablet, was included in preliminary studies on primates sponsored only by taunting motion.
“The Waxart Non-Human Primate Challenge Study was conducted and funded by Operation Warp Speed,” the company said in a statement to CNN Business on Saturday, a June 26, 2020 company press release. Statements given in press releases. Any allegations that are accurate and to the contrary are baseless. ”
In its October SEC filing, Vaxart wrote that it provided documents called by the subpoena to demonstrate its role in Operation Tana Speed. It states that the company has voluntarily provided the documents requested by the SEC and is cooperating in this informal investigation.
On October 14, Waxart announced encouraging results from its study on hamsters, which received oral doses of its Kovid-19 vaccine.
The stock was down 3.5% as of Friday evening, to around $ 6.