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NOVAVAX Reports Fourth Quarter and 2009 Year-End Financial Results
Date:3/12/2010

#160;Further information on the factors and risks that could affect Novavax's business, financial conditions and results of operations, is contained in Novavax's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. These forward-looking statements speak only as of the date of this earnings release and Novavax assumes no duty to update such statements.

    
    
    
    
                                       NOVAVAX, INC.
                        CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                         (in thousands, except per share information)
    
    
                                     Three Months Ended  Twelve Months Ended
                                         December 31,       December 31,
                                      2009        2008     2009      2008
                                      ----        ----     ----      ----
                                        (unaudited)
    Revenue                           $75         $70      $325    $1,064
                                      ---         ---      ----    ------
    
    Operating expenses:
      Research and development     10,962       5,865    25,780    24,334
      General and administrative    3,267       3,415    11,928    11,090
                                    -----       -----    ------    ------
        Total operating expenses   14,229       9,280    37,708    35,424
                                   ------       -----    ------    ------
    Loss from continuing
     operations before other
     income (expense)             (14,154)     (9,210)  (37,383)  (34,360)
    Interest income (expense),
     net                               43        (127)     (501)     (724)
    Net gain (impair
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SOURCE Novavax, Inc.
Copyright©2010 PR Newswire.
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