PRESS RELEASE

PRESS RELEASE

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Novavax to Present at the 2005 Bio InvestorForum

MALVERN, Pa., Oct. 13 /PRNewswire-FirstCall/ -- Novavax, Inc. (Nasdaq: NVAX) a specialty biopharmaceutical company, today announced that Dr. Rahul Singhvi, President and Chief Executive Officer, will be presenting at the Biotechnology Industry Organization, 2005 Bio InvestorForum on Wednesday, October 19, 2005.

     WHEN:   Wednesday, October 19, 2005 12:00 p.m. PT

     WHERE:  The Palace Hotel, 2 New Montgomery Street, San Francisco, CA

     HOW:    The live broadcast of the presentation can be accessed through
             our website at http://www.novavax.com.  After the presentation
             date, the web cast will be archived on our website for 90 days.

Dr. Rahul Singhvi

Dr. Singhvi was appointed President and CEO of Novavax in August, 2005. He joined the Company in April, 2004 as Vice President, Pharmaceutical Development and Manufacturing Operations. Dr. Singhvi joined Novavax after 10 years experience with Merck & Co, where he most recently served as a Director within the Merck Manufacturing division. Dr. Singhvi holds both a Master and Doctorate of Science degree in Chemical Engineering from MIT, a Master of Business Administration from The Wharton School, and a Bachelor of Technology from IIT, Kanpur, India. He holds several patents in the area of cell culturing systems and has co-authored numerous publications and abstracts on biochemical engineering and cell physiology.

About Novavax, Inc.

Novavax, Inc. is a specialty biopharmaceutical company focused on the research, development and commercialization of products utilizing its proprietary drug delivery and biological technologies for large and growing markets. Novavax currently distributes a line of prescription pharmaceutical products, including its topical emulsion for estrogen therapy ESTRASORB.

Statements made in this press release that state Novavax's or management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements. Forward-looking statements include but are not limited to statements regarding usage of cash, product sales, future product development and related clinical trials and future research and development, including FDA approval. Novavax's actual results could differ materially from those expressed in such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among other things, the following: general economic and business conditions; ability to enter into future collaborations with industry partners, including an ESTRASORB(R) licensing agreement; competition; unexpected changes in technologies and technological advances; ability to obtain rights to technology; ability to obtain and enforce patents; ability to commercialize and manufacture products; ability to establish and maintain commercial-scale manufacturing capabilities; results of clinical studies; progress of research and development activities; business abilities and judgment of personnel; availability of qualified personnel; changes in, or failure to comply with, governmental regulations; the ability to obtain adequate financing in the future through product licensing, co-promotional arrangements, public or private equity financing or otherwise; and other factors referenced herein. Additional information is contained in Novavax's annual report on Form 10K for the year ended December 31, 2004 and quarterly reports on Form 10Q for the quarters ended March 31, 2005 and June 30, 2005, incorporated herein by reference. Statements made herein should be read in conjunction with Novavax's annual and quarterly reports filed with the SEC. Copies of these filings may be obtained by contacting Novavax at 508 Lapp Road, Malvern, PA 19355 Tel 484- 913-1200 or the SEC at www.sec.gov.

SOURCE Novavax, Inc.
CONTACT: Investor Relations: Kathy Hamilton, Novavax, Inc., +1-484-913-1213, or
KHamilton@novavax.com