e424b3

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

NOVAVAX, INC.

SUPPLEMENT NO. 1 DATED JULY 9, 2001
TO PROSPECTUS DATED MARCH 16, 2000

      This Supplement contains information relating to the table under the caption “Selling Stockholders” in our March 16, 2000 prospectus.

      Mr. John Lamb has transferred certain restricted shares of our common stock to CIBC Oppenheimer, a subsidiary of CIBC World Market (“CIBC”). As a result of this transaction, the disclosures concerning Selling Stockholders is updated to include CIBC as follows:

                                 
Number of Shares Owned Maximum Number
Prior to Offering of Shares
Name of Selling Stockholder Shares Warrants Total Being Offered
 
CIBC Oppenheimer, a 25,000 25,000 25,000
subsidiary of CIBC
World Market