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Vaxart Reports Topline 12-Month Safety Data From the 400-Participant Sentinel Safety Cohort of the Phase 2b Clinical Trial of Its Oral Pill COVID-19 Vaccine

(Positive)
Tags
clinical trial covid-19

Vaxart (OTCQX: VXRT) reported topline 12‑month safety data from the 400‑participant sentinel safety cohort in its Phase 2b trial of an oral pill COVID‑19 vaccine versus an approved mRNA comparator targeting XBB.

No vaccine‑related SAEs or sustained Grade 3+ AEs occurred in either arm. Topline data from the full trial, including ~5,000 participants in the main KP.2 cohort, are anticipated in 2027. Vaxart’s Project NextGen award is valued at up to $344.8 million.

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Positive

  • No vaccine-related serious adverse events or sustained Grade 3+ AEs in either trial arm
  • Common AEs in oral pill group were ≤20.9%, with other events under 10%
  • Phase 2b main cohort (~5,000 participants) powered for safety and relative efficacy comparison
  • Topline data from full Phase 2b study anticipated in 2027
  • Project NextGen funding award valued at up to $344.8 million

Negative

  • Sentinel 400-participant cohort not powered for comparative efficacy assessment
  • Symptomatic COVID-19 reported in 33 oral pill recipients and 30 mRNA vaccine recipients
  • Key safety and efficacy data from main cohort will not be available until 2027

Market reaction after Phase 2b sentinel safety data: VXRT -10.81% in the Jul 7 session

-10.81%
-10.81% Session close to close

In the Jul 7 session, VXRT declined 10.81%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -10.8% in the session following this news. A sharp decline could reflect concern t...
Analysis

The stock dropped -10.8% in the session following this news. A sharp decline could reflect concern that, despite reassuring 12‑month safety data, future use of the $300,000,000 shelf or ATM facility might dilute holders; historically, same‑tag COVID‑19 trial updates have produced only modest average moves near 0.66%.

Key Figures

Sentinel cohort size: 400 participants Dosed oral vs mRNA: 201 vs 199 participants Main cohort size: ≈5,000 participants +5 more
8 metrics
Sentinel cohort size 400 participants Phase 2b COVID-19 trial sentinel safety cohort
Dosed oral vs mRNA 201 vs 199 participants Oral pill vs mRNA comparator arms in sentinel cohort
Main cohort size ≈5,000 participants Phase 2b COVID-19 trial main cohort
Oral vaccine symptomatic COVID 33 participants Symptomatic COVID cases in oral pill arm
mRNA symptomatic COVID 30 participants Symptomatic COVID cases in mRNA arm
Oral vaccine malaise/fatigue 20.9% Most common AE rate in oral pill arm
mRNA injection site pain 60.3% Most common AE rate in mRNA arm
Project NextGen award $344.8 million Maximum value of BARDA/NIAID funding award

Previous Clinical trial,covid-19 Reports

5 past events · Latest: May 27 (Neutral)
Same Type 5 events
Date Event Sentiment 24h Move Catalyst
May 27 Trial dosing start Neutral -0.6% Initiated dosing in 10,000-participant portion of COVID-19 Phase 2b trial.
May 15 BARDA trial approval Neutral +6.1% BARDA approval to begin dosing 10,000-participant Phase 2b COVID-19 study.
Jan 13 DSMB safety review Neutral +1.5% Favorable DSMB review of 400-participant sentinel cohort, trial continuation recommended.
Dec 02 Sentinel enrollment done Neutral -0.7% Completed enrollment of 400-participant sentinel cohort in Phase 2b COVID-19 study.
Sep 30 Sentinel initiation Neutral -3.1% Initiated 400-subject sentinel cohort for Phase 2b oral COVID-19 vaccine trial.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

phase 2b, sentinel safety cohort, project nextgen, barda, +2 more
6 terms
phase 2b medical
"sentinel safety cohort of its Phase 2b clinical trial evaluating the Company’s oral"
Phase 2b is a stage in the development of a new medicine or treatment where researchers test its effectiveness and safety in a larger group of people. This step helps determine whether the treatment works well enough to move forward and if it has manageable side effects, which is important for investors because successful results can lead to potential approval and market opportunity.
sentinel safety cohort medical
"topline data from the approximately 400-participant sentinel safety cohort of its Phase 2b"
A sentinel safety cohort is a small initial group of trial participants treated and observed closely before a larger group is enrolled, used to detect early safety problems or unexpected side effects. Like a test run or a pilot group, it helps regulators and sponsors confirm that dosing and procedures are safe, which can affect trial timing, regulatory reviews, and the pace at which a program can advance.
project nextgen regulatory
"Funding for this award was received under Project NextGen, an initiative by the Biomedical"
Project NextGen is an internal program a company uses to design and develop its next generation of products, services or technology, typically covering research, engineering, testing and early pilot launches. Investors care because these initiatives signal where a company is investing for future growth — they can create new revenue streams, change cost and risk profiles, and reshape competitive position; think of it as a major home renovation intended to boost long‑term value but requiring time and investment.
barda regulatory
"initiative by the Biomedical Advanced Research and Development Authority (BARDA), part of"
The Biomedical Advanced Research and Development Authority (BARDA) is a U.S. government agency that funds and helps develop vaccines, drugs, diagnostics and other medical tools needed for large-scale public-health emergencies. It matters to investors because BARDA grants or contracts lower the financial and technical risk of bringing a product to market and can act like a reliable early customer or partner, improving a company’s credibility, funding runway and valuation.
symptomatic covid medical
"With respect to the efficacy measure of symptomatic COVID, 33 participants in Vaxart’s oral"
An infection with the SARS-CoV-2 virus that produces noticeable signs or complaints such as fever, cough, shortness of breath, fatigue, or loss of taste and smell. Think of it like a machine that is visibly malfunctioning versus one that is silently broken: symptomatic cases are obvious because people report or seek care for their symptoms. For investors, counts of symptomatic COVID matter because they drive healthcare utilization, workplace absenteeism, consumer behavior, regulatory actions, and trial or sales outcomes tied to illness severity and detection.
asymptomatic covid medical
"Asymptomatic COVID cases were reported in 12 participants in the Vaxart oral pill arm"
An asymptomatic COVID infection means a person is infected with the virus that causes COVID-19 but does not develop noticeable symptoms like fever, cough, or loss of taste. It matters to investors because these silent cases can be detected only by testing and still spread illness, creating hidden disruptions to workplaces, supply chains, consumer behavior, and healthcare demand—similar to a hidden leak that can quietly damage operations until found.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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No vaccine-related serious adverse events (SAEs) or sustained Grade 3 or higher adverse events related to the vaccine reported

SOUTH SAN FRANCISCO, Calif., July 06, 2026 (GLOBE NEWSWIRE) -- Vaxart, Inc. (OTCQX: VXRT) today announced topline data from the approximately 400-participant sentinel safety cohort of its Phase 2b clinical trial evaluating the Company’s oral pill COVID-19 vaccine candidate against an approved mRNA vaccine comparator. Participants in this safety cohort received Vaxart’s oral pill vaccine (201 participants dosed) or an approved mRNA vaccine (199 participants dosed) targeting the XBB strain of SARS-CoV-2, the virus that causes COVID-19. No vaccine-related serious adverse events (SAEs) or sustained Grade 3 or higher adverse events (AEs) were reported in either arm of the study. Data from the complete study, comprising the 400 dosed participants in the sentinel safety cohort and approximately 5,000 dosed participants in the main cohort, are currently anticipated in 2027. Participants in the main cohort received vaccines targeting the KP.2 viral strain prevalent at the time cohort dosing was initiated.

“These topline safety data are encouraging and are consistent with the safety profile observed to date in other studies of our oral pill vaccine constructs,” said James Cummings, MD, Chief Medical Officer at Vaxart. "We know that safety and tolerability are critical factors in successful vaccine development, and we are pleased with how our investigational vaccine performed in this cohort.”

What did the topline 12-month results from the sentinel safety cohort show?
Key topline 12-month results from the 400-participant sentinel safety cohort (201 oral vaccinees and 199 mRNA vaccinees) include:

  • No vaccine-related serious adverse events (SAEs) or sustained Grade 3 or higher AEs were reported in either the oral pill vaccine or mRNA arms of the trial.
  • The most common AEs in participants receiving the oral pill vaccine were malaise/fatigue (20.9%), headache (18.9%) and anorexia (10.0%). Fewer than 10% of participants experienced any other AE.
  • The most common AEs in participants receiving the mRNA vaccine were injection site pain (60.3%), injection site tenderness (40.2%), malaise/fatigue (35.2%), myalgia/muscle pain (33.2%), and headache (28.6%). Arthralgia, chills, anorexia, nausea, diarrhea, and induration/swelling at the injection site were experienced by between 10-15% of participants. Fewer than 10% of participants experienced any other AE.
  • With respect to the efficacy measure of symptomatic COVID, 33 participants in Vaxart’s oral pill vaccine arm and 30 participants in the injectable mRNA vaccine arm had symptomatic disease. Asymptomatic COVID cases were reported in 12 participants in the Vaxart oral pill arm and 12 in the mRNA vaccine arm.
    • It should be noted that this 400-participant sentinel safety cohort was not powered to determine comparative efficacy between the two arms.
    • Topline data from the complete study, comprising the 400 participants in the sentinel safety cohort and approximately 5,000 participants in the main cohort, are anticipated in 2027. The main cohort is designed and powered to support the planned statistical comparison of safety and relative efficacy outcomes between the two arms.

“These first cohort topline data are an important advancement for our COVID-19 program and for our oral pill vaccine platform overall,” said Steven Lo, Chief Executive Officer at Vaxart. “This study adds to the body of evidence supporting the safety profile of our vaccine constructs as we look to demonstrate the potential of our proprietary oral delivery technology. We believe more insights into our oral COVID program are important and will be further analyzing this cohort as we eagerly await the readout from the main cohort of this trial, which is expected to provide more robust information on safety and efficacy.”

Funding for this award was received under Project NextGen, an initiative by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR) in the U.S. Department of Health and Human Services (HHS), and the National Institute of Allergy and Infectious Diseases (NIAID) to accelerate and streamline the development of the next generation of innovative COVID-19 vaccines, therapeutics, and enablers. Vaxart’s project award through the Rapid Response Partnership Vehicle (RRPV) Consortium is valued at up to $344.8 million. This project has been funded in whole or in part with federal funds from the Department of Health and Human Services; Administration for Strategic Preparedness and Response (ASPR); Biomedical Advanced Research and Development Authority (BARDA), under Other Transaction Number: 75A50123D00005.

About Vaxart 
Vaxart is a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform. Vaxart vaccines are designed to be administered using pills that can be stored and shipped without refrigeration and eliminate the risk of needle-stick injury. Vaxart believes that its proprietary pill vaccine delivery platform is suitable to deliver recombinant vaccines, positioning the company to develop oral versions of currently marketed vaccines and to design recombinant vaccines for new indications. Vaxart’s development programs currently include pill vaccines designed to protect against coronavirus, norovirus and influenza, as well as a therapeutic vaccine for human papillomavirus (HPV), Vaxart’s first immune-oncology indication. Vaxart has filed broad domestic and international patent applications covering its proprietary technology and creations for oral vaccination using adenovirus and TLR3 agonists.

Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Vaxart's strategy, prospects, plans and objectives, results from preclinical and clinical trials and the timing of such results, and beliefs and expectations of management, including statements regarding Vaxart’s Phase 2b clinical trial of its oral pill COVID-19 vaccine candidate, the 400-participant sentinel safety cohort, the approximately 5,000-participant main cohort, further analyses of trial data, anticipated timing of complete study data, and funding under Project NextGen and the RRPV Consortium, are forward-looking statements. These forward-looking statements may be accompanied by such words as "should," "believe," "could," "potential," "will," "expected," “anticipate,” "plan," “intend,” “may,” “estimate,” “approximately,” “designed,” “powered,” “subject to,” and other words and terms of similar meaning. Examples of such statements include, but are not limited to, statements relating to Vaxart's ability to develop its product candidates and oral pill vaccine platform; Vaxart's expectations regarding clinical results and trial data, and the timing of receiving and reporting such clinical results and trial data, including further analyses of the sentinel safety cohort and complete study data anticipated in 2027; Vaxart’s expectations regarding the design, powering, conduct, completion and analysis of its Phase 2b COVID-19 trial and main cohort; and Vaxart’s expectations with respect to the safety, tolerability, efficacy, relative efficacy, immunogenicity and potential regulatory significance of its product candidates, as well as the availability, permitted uses and sufficiency of funding under the Project NextGen/BARDA/RRPV award. These forward-looking statements are based on Vaxart’s current expectations and assumptions as of the date of this press release. Vaxart may not actually achieve the plans, carry out the intentions, or meet the expectations or projections disclosed in the forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations, and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Vaxart makes, including uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, retain participants, collect follow-up data, generate sufficient evaluable cases and events, and complete, unblind, analyze and report data from the Phase 2b trial, including the main cohort, in the expected timeframes, as well as the possibility of unfavorable new clinical data and further analyses of existing clinical data, including analyses that may differ from or not confirm the topline data from the sentinel safety cohort or may not support conclusions regarding safety, tolerability, immunogenicity, efficacy or relative efficacy; the risk that clinical trial data, including data from the sentinel safety cohort and main cohort, are subject to differing interpretations and assessments by Vaxart, investigators, independent safety reviewers, funding agencies, regulatory authorities and other third parties; whether regulatory authorities will be satisfied with the design of and results from the clinical studies, including the study’s comparator, endpoints, statistical assumptions, strain selection, safety database and efficacy analyses; decisions by regulatory authorities impacting labeling, manufacturing processes, and safety that could affect the availability or commercial potential of any product candidate, including the possibility that Vaxart's product candidates may not be approved, authorized or licensed by the FDA or non-U.S. regulatory authorities; and that results from the Phase 2b trial may not be sufficient to support regulatory submissions, regulatory interactions, approval, authorization, licensure or commercialization of Vaxart’s oral pill COVID-19 vaccine candidate; risks related to government funding for the Phase 2b trial, including whether amounts under the Project NextGen/BARDA/RRPV award will be available, released, reimbursed or sufficient in the amounts or at the times expected, and whether the award may be modified, reduced, delayed, suspended or terminated or subject to conditions, audits or other compliance requirements; that Vaxart or its partners may experience manufacturing, supply, storage, shipment, stability, quality control or quality assurance issues and delays due to events within, or outside of, Vaxart's or its partners' control; difficulties in production, particularly in scaling up initial production, including difficulties with production costs and yields, quality control, including stability of the product candidate and quality assurance testing, shortages of qualified personnel or key raw materials, and compliance with strictly enforced federal, state, and foreign regulations; Vaxart's ability to obtain sufficient capital to fund its operations on terms acceptable to Vaxart, if at all, including expenses not covered by government funding; the impact of changes in government public-health, procurement and funding priorities; changes in COVID-19 incidence, circulating variants, vaccination recommendations and market demand; and competition from approved and investigational COVID-19 vaccines and other vaccine technologies; and other risks described in the “Risk Factors” sections of Vaxart’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings filed with or furnished to the SEC. Vaxart does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact
Vaxart Media and Investor Relations
FINN Partners
IR@vaxart.com


FAQ

What topline safety results did Vaxart (VXRT) announce from its Phase 2b oral COVID-19 vaccine trial in July 2026?

Vaxart reported no vaccine-related serious adverse events or sustained Grade 3+ adverse events in either trial arm. According to Vaxart, the 400-participant sentinel safety cohort compared its oral pill vaccine with an approved mRNA vaccine over 12 months, supporting a favorable safety profile to date.

How many participants were included in Vaxart’s Phase 2b sentinel safety cohort for its oral COVID-19 pill vaccine (VXRT)?

The sentinel safety cohort enrolled about 400 participants, with 201 receiving Vaxart’s oral pill vaccine and 199 receiving an approved mRNA comparator. According to Vaxart, this cohort focused on 12‑month safety, not definitive efficacy comparisons, ahead of larger main cohort analysis.

What adverse events were most common with Vaxart’s oral pill COVID-19 vaccine in the Phase 2b sentinel cohort?

The most common adverse events for the oral pill vaccine were malaise or fatigue (20.9%), headache (18.9%) and anorexia (10.0%). According to Vaxart, fewer than 10% of participants experienced any other adverse event, suggesting a manageable tolerability profile in this 400-participant cohort.

How did adverse events from Vaxart’s oral pill COVID-19 vaccine compare with the mRNA vaccine arm in the Phase 2b trial?

Injection site pain and tenderness were frequent in the mRNA arm but absent for the oral pill. According to Vaxart, mRNA recipients commonly reported injection site pain (60.3%), tenderness (40.2%), malaise/fatigue (35.2%), myalgia (33.2%) and headache (28.6%) over 12 months.

What were the symptomatic COVID-19 case numbers in Vaxart’s Phase 2b sentinel safety cohort for VXRT?

Symptomatic COVID-19 occurred in 33 participants in the oral pill arm and 30 in the mRNA arm. According to Vaxart, asymptomatic infections were seen in 12 participants per arm, and this 400-participant cohort was not powered to determine comparative efficacy between vaccines.

When will full Phase 2b trial results for Vaxart’s oral COVID-19 pill vaccine (VXRT) be available?

Topline data from the complete Phase 2b study are anticipated in 2027. According to Vaxart, the full dataset includes the 400-participant sentinel safety cohort and approximately 5,000 participants in the main KP.2 cohort, which is powered for comparative safety and relative efficacy analyses.

How much Project NextGen funding has Vaxart’s oral COVID-19 vaccine program (VXRT) been awarded?

Vaxart’s project award under Project NextGen is valued at up to $344.8 million. According to Vaxart, funding comes through BARDA and NIAID via the Rapid Response Partnership Vehicle Consortium to support development of next-generation COVID-19 vaccines and related technologies.