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NOVAVAX Featured at Clinton Global Initiative 2008 Annual Meeting
Date:9/29/2008

Company recognized for pursuit of cost-effective and rapidly deployed

vaccine solution for avian and seasonal flu

ROCKVILLE, Md., Sept. 29 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX) announced today its recognition at the annual meeting of the Clinton Global Initiative ("CGI") for developing affordable methods of producing an H5N1 avian influenza vaccine and a seasonal influenza vaccine using the company's proprietary recombinant virus-like particles ("VLPs"). As one of the organizations chosen to attend the CGI this year, Novavax is working to create novel vaccines and manufacturing solutions for producing avian and seasonal influenza vaccines with portable equipment that can be deployed worldwide.

The company believes its vaccine initiatives have the potential to impact millions of people affected by infectious diseases each year by creating novel vaccines that can be produced in a cost effective and timely manner within the same scalable manufacturing platform worldwide.

Novavax's manufacturing process makes it possible to rapidly produce an influenza vaccine that contains strains that are an exact genetic match to the strains circulating in the country or region causing influenza disease. Novavax's influenza VLPs are produced through recombinant technology in insect cell culture, utilizing a manufacturing process that will consist entirely of disposable, ready-to-use equipment. Current yields are 7 to 10 times higher than those of traditional egg-based or mammalian cell culture manufacturing. Because the Novavax process involves recombinant technology and does not require a live influenza virus, a matched vaccine for avian or seasonal influenza can be manufactured within 12 weeks of ide
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SOURCE Novavax, Inc.
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