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COVID-19 Vaccine Company Accused of Misrepresenting Its Role in Operation Warp Speed

  • October 20, 2020

One of the companies working on a coronavirus vaccine, Vaxart, not only was served with a subpoena in July for allegedly misrepresenting its role with the government in Operation Warp Speed, but is now being sued by investors for it. The problems stem from a June press release in which Vaxart said it was part of Operation Warp Speed. The announcement propelled its stock prices from $3 a share to $17, earning hedge fund Armistice Capital more than $200 million when the agency sold its shares...
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