Filed pursuant to Rule 424(b)(3)
File No. 333-32142

NOVAVAX, INC.

SUPPLEMENT NO. 1 DATED JULY 26, 2001
TO PROSPECTUS DATED January 12, 2001

      This Supplement contains information relating to the table under the caption “Selling Stockholders” in our January 12, 2001 prospectus.

      Certain Selling Shareholders, as listed below, have reallocated the number of shares offered by them in this prospectus, therefore the disclosures concerning these Selling Stockholders are updated as follows:

			Shares Beneficially												Shares Beneficially
			Owned Prior to								Number of				Owned After
			Offering								Shares				Offering
Name of Selling Stockholder			Number				Percent				Being Offered				Number				Percent
William E. Georges (2)				714,702				2.9				428,821				285,881				1.1
Melissa E. Georges (3)				714,702				2.9				428,821				285,881				1.1
Credit Shelter Trust A				357,351				1.5				214,411				142,940				*
	of the George P. Georges Revocable Trust
John P. Gauthier, Jr. (4)				262,873				1.1				157,724				105,149				*
Joe D. Ducharme (5)				262,873				1.1				157,724				105,149				*