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Novavax to Join Russell 3000 Index
Date:6/26/2008

ROCKVILLE, Md., June 26 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX) today announced that as of the close of the market Friday, June 27th, it will be included in the Russell 3000 Index, comprised of 3000 of the largest and most liquid stocks based and traded in the United States. Membership in the Russell 3000, which remains in place for a minimum of one year, means the common stock of Novavax will also be automatically included in the small cap Russell 2000 Index.

The Russell 3000 Index is widely used by investment managers and institutional investors for Index funds and as benchmarks for both passive and active investments strategies. The Russell 3000 Index also serves as the U.S. component of the Russell Global Index.

Novavax, Inc. is a clinical-stage biotechnology company creating novel vaccines to address a broad range of infectious diseases worldwide using advanced proprietary virus-like particle (VLP) technology. The Company creates VLPs by genetically engineering three-dimensional, nanostructures, which incorporate immunologically important lipids and recombinant proteins. Novavax' VLPs resemble a virus by lack the genetic material that would cause infection. Using the Company's proprietary virus-like particle (VLP) technologies, Novavax is developing vaccines to protect against H5N1 pandemic influenza, seasonal flu and other viral diseases. The Company also utilizes a unique portable manufacturing system that allows for rapid production of vaccines requiring less infrastructure and represents a potential simpler and more efficient approach to vaccine production. Additional information about Novavax is available at http://www.novavax.com and in the Company'
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SOURCE Novavax, Inc.
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