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2014-04-07

Novavax, Inc.: Novavax Appoints Dr. Cindy Oliver as Senior Vice President, Process Development Operations

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|GAITHERSBURG, Md., April 7, 2014 (GLOBE NEWSWIRE) --Novavax, Inc. |
|(Nasdaq:NVAX), a clinical-stage biopharmaceutical company focused on the |
|discovery, development and commercialization of recombinant nanoparticle |
|vaccines and adjuvants, today announced the appointment of Cynthia N. Oliver, |
|Ph.D. to the position of Senior Vice President, Process Development |
|Operations, effective April 8, 2014. Dr. Oliver will be responsible for all |
|process development activities, with a specific focus on the company's RSV |
|F-protein nanoparticle, seasonal influenza and pandemic influenza vaccine |
|candidates. |
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|Dr. Oliver has been a consultant of Novavax since 2011 where her significant |
|expertise and experiences have helped the Company formulate and execute on |
|critical process development strategies. From 1993 until 2010, Dr. Oliver |
|held a variety of positions, including Vice President, Process Biochemistry |
|and Formulation Sciences at Medimmune, Inc., with responsibilities that |
|included vaccines, proteins, monoclonal antibodies and small molecules, |
|including the commercial products Synagis® and FluMist®. Prior to MedImmune, |
|she had similar responsibilities at Merck Research Laboratories, and spent a |
|number of years working at the National Institutes of Health in the National |
|Heart, Lung and Blood Institute. She earned her doctorate from Johns Hopkins, |
|her masters from University of Massachusetts, and her bachelor's degree from |
|Connecticut College. |
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|"At Novavax, successful process development is critical to the ongoing |
|development of our novel vaccines and it serves as the foundation upon which |
|a consistent, GMP commercial manufacturing process is built. Cindy's |
|extensive experience, industry knowledge and managerial aptitude complement |
|our ongoing efforts to bring our RSV, seasonal influenza and pandemic |
|influenza vaccine candidates to licensure," said Stan Erck, President and CEO |
|of Novavax, Inc. "After working with us as a consultant for three years, I am |
|delighted that Cindy has agreed to join Novavax to lead our process |
|development efforts." |
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|Dr. Oliver remarked, "Novavax' progress and success in Phase 2 clinical trials |
|evidences its commitment to bringing important, and in the case of RSV, |
|industry-leading vaccines to the market. I have been delighted to consult |
|with Novavax to this stage, and am equally delighted to head up our efforts |
|to develop safe, high quality vaccines and state-of-the-art vaccine |
|production. Novavax' approach to developing these and other, earlier-stage |
|preclinical vaccine candidates, has tremendous commercial potential, and I am |
|honored to lead the process development function that supports this exciting |
|technology." |
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|About Novavax |
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|Novavax, Inc. (Nasdaq:NVAX) is a clinical-stage biopharmaceutical company |
|creating novel vaccines and vaccine adjuvants to address a broad range of |
|infectious diseases worldwide. Using innovative proprietary recombinant |
|protein nanoparticle vaccine technology, the company produces vaccine |
|candidates to efficiently and effectively respond to both known and newly |
|emergent diseases. Additional information about Novavax is available on the |
|company's website, novavax.com. |
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|Forward-Looking Statements |
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|Statements herein relating to the future of Novavax and the ongoing |
|development of its vaccine and adjuvant products are forward-looking |
|statements. Novavax cautions that these forward-looking statements are |
|subject to numerous risks and uncertainties, which could cause actual results |
|to differ materially from those expressed or implied by such statements. |
|These risks and uncertainties include those identified under the heading |
|"Risk Factors" in the Novavax Annual Report on Form 10-K for the year ended |
|December 31, 2013, and filed with the Securities and Exchange Commission |
|(SEC). Investors are cautioned not to place considerable reliance on the |
|forward-looking statements contained in this press release. You are |
|encouraged to read company filings with the SEC, available at sec.gov, for a |
|discussion of these and other risks and uncertainties. The forward-looking |
|statements in this press release speak only as of the date of this document, |
|and the company undertakes no obligation to update or revise any of the |
|statements. The company's business is subject to substantial risks and |
|uncertainties, including those referenced above. Investors, potential |
|investors, and others should give careful consideration to these risks and |
|uncertainties. |
|CONTACT: Barclay A. Phillips |
| SVP, Chief Financial Officer and Treasurer |
| Novavax, Inc. |
| 240-268-2000 |
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Novavax, Inc. via Globenewswire

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