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NOVAVAX Reports Fourth Quarter and 2010 Year-End Financial Results
Date:3/28/2011

influenza vaccine candidates, we have little or no experience operating as a federal contractor or in implementing the systems to perform as required under the contract with HHS BARDA; RSV is a difficult disease to prevent and there is significant activity by many companies toward the development of a suitable vaccine; we have not manufactured any of our vaccine candidates at a commercial level; we utilize a unique manufacturing process and the scale-up of that process may prove difficult and/or costly; our dependence on third parties to manufacture and distribute our vaccines; there are risks associated with conducting business outside of the United States; the cost of and our ability to file, prosecute, defend and enforce any patent claims and other intellectual property rights; competition for clinical resources and patient enrollment from drug candidates in development by other companies with greater resources and visibility; our ability to enter into future collaborations with industry partners and the terms, timing and success of any such collaboration; our ability to obtain adequate financing in the future through product licensing, co-promotional arrangements, public or private equity or debt financing or otherwise and other factors referenced herein. 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, including the factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2010. 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 EndedTwelve Months EndedDecember 31,Decem
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