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NOVAVAX Endorses New U.S. Initiatives to Develop Medical Countermeasures
Date:8/19/2010

ROCKVILLE, Md., Aug. 19 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX) President and CEO Dr. Rahul Singhvi today attended the press briefing by U.S. Health and Human Services Secretary Kathleen Sebelius and other public health officials announcing a $2 billion plan to accelerate the development of drugs and vaccines to prevent the spread of infectious diseases and issued the following statement of support for the plan's five key initiatives:

  • Define and strengthen FDA regulatory processes to support countermeasures
  • Create a flexible manufacturing and core services organization as a center of excellence
  • Create a new program to nurture early-stage discovery concepts
  • Upgrade influenza vaccine manufacturing with new technology
  • Create strategic investment fund to develop counterterrorism technology

Dr. Singhvi stated: "I was pleased to attend today's briefing by Secretary Sebelius and fully support the reforms proposed to improve our nation's ability to respond to disease outbreaks such as pandemic influenza.  My colleagues at Novavax and I share the government's sense of urgency about accelerating the development and delivery of new vaccines to prevent the spread of infectious diseases as a result of a natural outbreak or a biological attack and have committed our company to the achievement of this goal.  

"We believe our unique recombinant technology can help play a key role in solving the problems of vaccine supply, timely preparation and availability and that our vaccines have the potential to prevent the spread of seasonal and pandemic influenza, including H1N1, and other infectious diseases described in today's report.   The proposal to create more rapid and flexible U.S. manufacturing capabilities and use new production technologies to transform our nation's res
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SOURCE Novavax, Inc.
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