DALLAS, March 2, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Novavax Inc. (Nasdaq:NVAX). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Novavax Inc. (NVAX) is a clinical-stage biopharmaceutical company creating novel vaccines to address a broad range of infectious diseases worldwide, using advanced proprietary virus-like particle (VLP) technology. The Company produces potent VLP-based recombinant vaccines utilizing new and efficient manufacturing approaches. NVAX is committed to using its VLP technology to create country-specific vaccine solutions. The Company has formed a joint venture with Cadila Pharmaceuticals, named CPL Biologicals, to develop and manufacture vaccines, biological therapeutics and diagnostics in India.
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In the report, the analyst notes:
"NVAX shares gained 13.85%, a day after the vaccine developer announced a government contract worth up to $179.1 million to develop pandemic and seasonal influenza vaccines using its vaccine technology. The U.S. Department of Health and Human Services (HHS) awarded the Company $97 million over the first three years, with options for an additional two years, for a total potential value of $179.1 million.
"During the contract's three-year base period, NVAX will continue to develop its novel, clinical-stage influenza vaccines to address the Office of Biomedical Advanced Research and Development Authority's commitment to pandemic preparedness."
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