Scottsdale, Arizona 9/18/2008 1:15:17 AM
News / Finance

Novavax Inc. (NVAX) Announces Vaccinations for Seasonal Influenza

http://www.qualitystocks.net/ would like to highlight Novavax Inc. (NASDAQ: NVAX). The company is a clinical stage biotechnology company, creating novel vaccines to address a broad range of infectious diseases worldwide using advanced proprietary virus-like particle (VLP) technology. The Company produces these VLP based, potent, recombinant vaccines utilizing new, and efficient manufacturing approaches.

 

In the company’s news yesterday,

 

Novavax Inc. announced the vaccination of healthy volunteers in a phase II clinical trial of its VLP-based seasonal influenza vaccine. The randomized, placebo-controlled clinical trial will evaluate the safety and immunogenicity of different doses of its seasonal influenza VLP vaccine in about 300 healthy adults between 18 and 49 years of age. The volunteers will receive a single injection of either a placebo or vaccine to study the efficacy and safety of Novavax’s VLP vaccines.

 

According to Dr. Rahul Singhvi, president and CEO of Novavax, the company’s VLPs hold the potential as an effective prevention. The development of its VLP pandemic and seasonal flu vaccines in close proximity will allow the company to benefit from product synergies.

 

“We are delighted to initiate our seasonal influenza vaccine program in phase II human trials,” Dr. Singhvi stated. “VLPs are a very promising approach against influenza as we recently demonstrated with the announcement of favorable results in a phase IIa human clinical trial of our VLP based pandemic influenza vaccine. There are synergies to be gained in the development of our VLP pandemic and seasonal influenza vaccines that provide the Company unique advantages. For example, since both vaccines utilize the same manufacturing approach, safety information from either one of these influenza vaccine programs would compliment and support the other program which should reduce the overall development timeline for each program.”

 

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