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<P align="right"><FONT size="2">As filed with the Securities and Exchange Commission on November&nbsp;12, 2003
</FONT>

<P align="right"><FONT size="2">Registration No.&nbsp;333- ______
</FONT>

<P align="center"><FONT size="2">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549
</FONT>
<P align="center"><FONT size="2">FORM S-8
</FONT>
<P align="center"><FONT size="2">REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933
</FONT>
<P align="center"><FONT size="2"><B><B>NOVAVAX, INC.</B></B>
</FONT>

<DIV align="center"><FONT size="2">(Exact name of registrant as specified in its charter)</FONT></DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>Delaware</B><BR>
(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>22-2816046</B><BR>
(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>
</DIV>

<P align="center"><FONT size="2"><B><B>8320 Guilford Road, Columbia, Maryland 21046</B></B>
</FONT>

<DIV align="center"><FONT size="2">(Address of Principal Executive Offices) (Zip Code)</FONT></DIV>

<P align="center"><FONT size="2"><B><B>1995 STOCK OPTION PLAN</B></B>
</FONT>

<DIV align="center"><FONT size="2">(Full title of the Plan)</FONT></DIV>

<P align="center"><FONT size="2">Nelson M. Sims<BR>
President &#038; Chief Executive Officer<BR>
Novavax, Inc.<BR>
8320 Guilford Road<BR>
Columbia, Maryland 21046<BR>
(Name and address of agent for service)
</FONT>
<P align="center"><FONT size="2"><B><B>(301)&nbsp;854-3900</B></B>
</FONT>

<DIV align="center"><FONT size="2">(Telephone number, including area code, of agent for service)</FONT></DIV>

<P align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE
</FONT>
<DIV align="center">
  <table cellspacing="0" border="0" cellpadding="0" width="100%">
    <tr valign="bottom">
      <td width="25%">&nbsp;</td>
      <td width="5%">&nbsp;</td>
      <td width="6%">&nbsp;</td>
      <td width="1%">&nbsp;</td>
      <td width="7%">&nbsp;</td>
      <td width="5%">&nbsp;</td>
      <td width="2%">&nbsp;</td>
      <td width="1%">&nbsp;</td>
      <td width="3%">&nbsp;</td>
      <td width="5%">&nbsp;</td>
      <td width="8%">&nbsp;</td>
      <td width="1%">&nbsp;</td>
      <td width="4%">&nbsp;</td>
      <td width="1%">&nbsp;</td>
      <td width="5%">&nbsp;</td>
    </tr>
    <tr  valign="bottom">
      <td nowrap align="left">&nbsp;</td>
      <td><font size="1">&nbsp;</font></td>
      <td align="center" nowrap>&nbsp;</td>
      <td align="center" nowrap>&nbsp;</td>
      <td align="center" nowrap>&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td align="center" nowrap><font size="1">&nbsp;</font></td>
      <td align="center" nowrap>&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td><font size="1">&nbsp;</font></td>
      <td><font size="1">&nbsp;</font></td>
      <td><font size="1">&nbsp;</font></td>
    </tr>
    <tr  valign="bottom">
      <td nowrap align="left">&nbsp;</td>
      <td><font size="1">&nbsp;</font></td>
      <td nowrap align="center" colspan="3">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td colspan="3" align="center" nowrap>&nbsp;</td>
    </tr>
    <tr  valign="bottom">
      <td height="19" align="left" nowrap><font size="1">Title of each class<br>of
        securities to<br><u>be registered</u></font></td>
      <td><font size="1">&nbsp;</font></td>
      <td nowrap align="center" colspan="3"><font size="1">Amount to<br><u>be registered</u></font></td>
      <td nowrap align="center"><font size="1">&nbsp;</font></td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center"><font size="1">Proposed maximum<br>offering price<br>
        <u>per share(1)</u></font></td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center"><font size="1">Proposed maximum<br>aggregate<br>
        <u>offering price</u></font></td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center">&nbsp;</td>
      <td nowrap align="center" colspan="7"><font size="1">Amount of<br><u>registration
        fee</u></font></td>
    </tr>
    <tr valign="bottom">
      <td valign="top"><font size="2">Common Stock, $.01 par value</font></td>
      <td><font size="2">&nbsp;</font></td>
      <td align="right" valign="top" nowrap><font size="2"><br>
        </font></td>
      <td align="right" valign="top"><font size="2"> 1,000,000<br>
        </font></td>
      <td nowrap valign="top"><font size="2"><br>
        </font></td>
      <td><font size="2">&nbsp;</font></td>
      <td nowrap align="right" valign="top"><font size="2">$<br>
        </font></td>
      <td align="right" valign="top"><font size="2">6.40<br>
        </font></td>
      <td nowrap valign="top"><font size="2"><br>
        </font></td>
      <td valign="top">
<div><font size="2">$</font></div></td>
      <td nowrap align="right" valign="top"><font size="2">6,400,000<br>
        </font></td>
      <td align="right" valign="top"><font size="2"><br>
        </font></td>
      <td nowrap align="right" valign="top"><font size="2">$<br>
        </font></td>
      <td colspan="2" align="right" valign="top"><font size="2">517.76<br>
        </font><font size="2"><br>
        </font></td>
    </tr>
  </table>
</DIV>

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="1%" nowrap align="right"><FONT size="2">(1)
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">Estimated solely for the purpose of calculating the registration fee, and
based upon the average of the high and low prices of the Common Stock on
the Nasdaq National Market on November&nbsp;7, 2003, in accordance with Rules
457(c) and 457(h) of the Securities Act of 1933, as amended.
</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">&nbsp;
</FONT>
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<P align="center"><FONT size="2">STATEMENT UNDER GENERAL INSTRUCTION E<br>
REGISTRATION OF ADDITIONAL SECURITIES
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement is being filed with respect to securities of
the same class and issuable under the same employee benefit plan as the
securities for which the Registrant filed a Registration Statement on Form S-8
with the Securities and Exchange Commission on December&nbsp;11, 1995, File No.
33-80279, a Registration Statement on Form S-8, File No.&nbsp;333-77611, filed on
May&nbsp;3, 1999, a Registration Statement on Form S-8, File No.&nbsp;333-46000, filed on
September&nbsp;18, 2000, and a Registration Statement on Form S-8, File No.
333-97931, filed on August&nbsp;9, 2002, the contents of which are incorporated by
reference herein.
</FONT>
<P align="left"><FONT size="2">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
</FONT>
<P align="left"><FONT size="2">Item&nbsp;3. <u>Incorporation of Documents by Reference</u>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Registrant with the Securities and
Exchange Commission are hereby incorporated by reference in this Registration
Statement:
</FONT>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="10%" nowrap align="right"><FONT size="2">1.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">The Registrant&#146;s Annual Report on Form 10-K for
the year ended December&nbsp;31, 2002;
</FONT></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="10%" nowrap align="right"><FONT size="2">2.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">The Registrant&#146;s Current Reports on Form 8-K
filed on August&nbsp;8, 2003 and February&nbsp;25, 2003;
</FONT></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="10%" nowrap align="right"><FONT size="2">3.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">The Registrant&#146;s Quarterly Reports on Form 10-Q
for the quarters ended March&nbsp;31, 2003, June&nbsp;30, 2003 and
September&nbsp;30, 2003; and
</FONT></TD>
</TR>
</TABLE>
<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
       <TD width="10%" nowrap align="right"><FONT size="2">4.
</FONT></TD>
 <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
 <TD><FONT size="2">Description of Registrant&#146;s Common Stock ($.01
par value) contained in the Registrant&#146;s Registration
Statement No.&nbsp;0-26770 on Form&nbsp;10 filed on September&nbsp;14, 1995
pursuant to Section 12(b) of the Securities Exchange Act of
1934, as amended.
</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents subsequently filed by the Registrant pursuant
to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Securities Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all of such securities then
remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such
documents.
</FONT>
<P align="left"><FONT size="2">Item&nbsp;5. <U>Interests of Named Experts and Counsel</U>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal matters in connection with the issuance of Common Stock offered
hereby have been passed upon for the Registrant by White White &#038; Van Etten LLP,
55 Cambridge Parkway, Cambridge, Massachusetts 02142, as counsel to Registrant.
David A. White, a partner of such firm, owns 50,000 shares of the Common Stock
of the Registrant.
</FONT>
<P align="left"><FONT size="2">Item&nbsp;8. <u>Exhibits</u>
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Exhibit&nbsp;Index immediately preceding the exhibits is incorporated
herein by reference.
</FONT>
<P align="center"><FONT size="2">&nbsp;
</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2"><B><B>SIGNATURES</B></B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York, on this 5th day of
November, 2003.
</FONT>
<DIV align="center">
  <TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
    <TR valign="bottom">
      <TD width="11%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="84%">&nbsp;</TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> NOVAVAX, INC.</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">By:</FONT></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top"><font size="2"><u>/s/ Nelson M. Sims</u> </font></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top"><font size="2">Nelson M. Sims,</font></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top">&nbsp;</TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> President and Chief Executive
        Officer</FONT></TD>
    </TR>
  </TABLE>
</DIV>

<P align="center"><FONT size="2"><B><B>POWER OF ATTORNEY</B></B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Novavax, Inc., hereby
severally constitute Nelson M. Sims and Dennis W. Genge and each of them
singly, our true and lawful attorneys with full power to them, and each of them
singly, to sign for us and in our names in the capacities indicated below, the
Registration Statement on Form S-8 filed herewith and any and all subsequent
amendments to said Registration Statement, and generally to do all such things
in our names and behalf in our capacities as officers and directors to enable
Novavax, Inc. to comply with all requirements of the Securities and Exchange
Commission, hereby ratifying and confirming our signatures as they may be
signed by said attorneys, or any of them, to said Registration Statement and
any and all amendments thereto.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated.
</FONT>

<DIV align="center">
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
    <TR valign="bottom">
      <TD width="32%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="42%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="16%">&nbsp;</TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2"><u><B>NAME</B></u></FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> <u><B>TITLE</B></u> </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"><u><B>DATE</B></u></FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ Nelson M. Sims
        <HR size="1" noshade>
        Nelson M. Sims</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> President, Chief Executive
        Officer and Director </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ Dennis W. Genge
        <HR size="1" noshade>
        Dennis W. Genge</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Vice President, Treasurer
        and Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5,2003</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ Gary C. Evans
        <HR size="1" noshade>
        Gary C. Evans</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ Mitchell J. Kelly
        <HR size="1" noshade>
        Mitchell J. Kelly</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">
        <HR size="1" noshade>
        J. Michael Lazarus, M.D.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
  </TABLE>
</DIV>

<P align="center"><FONT size="2">&nbsp;
</FONT>
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<DIV align="center">
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
    <TR valign="bottom">
      <TD width="42%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="28%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="20%">&nbsp;</TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ John O. Marsh, Jr.
        <HR size="1" noshade>
        John O. Marsh, Jr.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR>
      <TD valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/ Michael A. McManus
        <HR size="1" noshade>
        Michael A. McManus</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR>
      <TD valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>
    <TR>
      <TD valign="top"><FONT size="2">/s/Denis M. O&#146;Donnell, M.D.
        <HR size="1" noshade>
        Denis M. O&#146;Donnell, M.D.</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director and Chairman of the
        Board </FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">November&nbsp;5, 2003</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">
        <HR size="1" noshade>
        Ronald H. Walker</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Director</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    </TR>
  </TABLE>
</DIV>

<P align="center"><FONT size="2">&nbsp;
</FONT>

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<P align="center"><FONT size="2"><B><u><B>Exhibit&nbsp;Index</B></u></B>
</FONT>

<DIV align="center">
  <TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
    <TR valign="bottom">
      <TD width="8%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="87%">&nbsp;</TD>
    </TR>
    <TR  valign="bottom">
      <TD nowrap align="left" colspan="3"><FONT size="2">Exhibit</FONT></TD>
    </TR>
    <TR  valign="bottom">
      <TD nowrap align="left"><FONT size="2"><u>Number</u></FONT></TD>
      <TD nowrap align="left"><font size="2">&nbsp;</font></TD>
      <TD nowrap align="left"><FONT size="2"><u>Description</u></FONT></TD>
      <TD nowrap align="center"><FONT size="1">&nbsp;</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">5</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Opinion of White White &#038;
        Van Etten LLP</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">10.1</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Novavax, Inc. 1995 Stock Option
        Plan (Incorporated by reference to Exhibit&nbsp;10.4 to the Company&#146;s
        Registration Statement on Form&nbsp;10, File No. 0-26770, filed September&nbsp;14,
        1995.)</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">10.2</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> First Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit&nbsp;10.3
        to the Company&#146;s Annual Report on Form&nbsp;10-K, File No.&nbsp;0-26770,
        filed April&nbsp;15, 1999.)</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">10.3</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Second Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit&nbsp;10.3
        to the Company&#146;s Registration Statement on Form S-8, File No.&nbsp;333-46000,
        filed September&nbsp;18, 2000.)</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">10.4</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Third Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit&nbsp;10.4
        to the Company&#146;s Registration Statement on Form S-8, File No.&nbsp;333-97931,
        filed August&nbsp;9, 2002.)</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">10.5</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Fourth Amendment to Novavax,
        Inc. 1995 Stock Option Plan</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">23.1</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Consent of Ernst &#038; Young
        LLP, independent auditors</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">23.2</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Consent of White White &#038;
        Van Etten LLP (included in Exhibit&nbsp;5)</FONT></TD>
    </TR>
    <TR valign="bottom">
      <TD valign="top"><FONT size="2">24</FONT></TD>
      <TD><FONT size="2">&nbsp;</FONT></TD>
      <TD align="left" valign="top"><FONT size="2"> Power of Attorney (included
        in the signature pages of this Registration Statement)</FONT></TD>
    </TR>
  </TABLE>
</DIV>

<P align="center"><FONT size="2">&nbsp;
</FONT>
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sv8
As filed with the Securities and Exchange Commission on November 12, 2003
Registration No. 333- ______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
NOVAVAX, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
22-2816046
(I.R.S. Employer
Identification No.)
8320 Guilford Road, Columbia, Maryland 21046
(Address of Principal Executive Offices) (Zip Code)
1995 STOCK OPTION PLAN
(Full title of the Plan)
Nelson M. Sims
President & Chief Executive Officer
Novavax, Inc.
8320 Guilford Road
Columbia, Maryland 21046
(Name and address of agent for service)
(301) 854-3900
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of each class
of
        securities to
be registered
Amount to
be registered
Proposed maximum
offering price
per share(1)
Proposed maximum
aggregate
offering price
Amount of
registration
        fee
Common Stock, $.01 par value
1,000,000
$
6.40
$
6,400,000
$
517.76
(1)
Estimated solely for the purpose of calculating the registration fee, and
based upon the average of the high and low prices of the Common Stock on
the Nasdaq National Market on November 7, 2003, in accordance with Rules
457(c) and 457(h) of the Securities Act of 1933, as amended.
STATEMENT UNDER GENERAL INSTRUCTION E
REGISTRATION OF ADDITIONAL SECURITIES
This Registration Statement is being filed with respect to securities of
the same class and issuable under the same employee benefit plan as the
securities for which the Registrant filed a Registration Statement on Form S-8
with the Securities and Exchange Commission on December 11, 1995, File No.
33-80279, a Registration Statement on Form S-8, File No. 333-77611, filed on
May 3, 1999, a Registration Statement on Form S-8, File No. 333-46000, filed on
September 18, 2000, and a Registration Statement on Form S-8, File No.
333-97931, filed on August 9, 2002, the contents of which are incorporated by
reference herein.
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
The following documents filed by the Registrant with the Securities and
Exchange Commission are hereby incorporated by reference in this Registration
Statement:
1.
The Registrant's Annual Report on Form 10-K for
the year ended December 31, 2002;
2.
The Registrant's Current Reports on Form 8-K
filed on August 8, 2003 and February 25, 2003;
3.
The Registrant's Quarterly Reports on Form 10-Q
for the quarters ended March 31, 2003, June 30, 2003 and
September 30, 2003; and
4.
Description of Registrant's Common Stock ($.01
par value) contained in the Registrant's Registration
Statement No. 0-26770 on Form 10 filed on September 14, 1995
pursuant to Section 12(b) of the Securities Exchange Act of
1934, as amended.
In addition, all documents subsequently filed by the Registrant pursuant
to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all of such securities then
remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such
documents.
Item 5.
Interests of Named Experts and Counsel
Legal matters in connection with the issuance of Common Stock offered
hereby have been passed upon for the Registrant by White White & Van Etten LLP,
55 Cambridge Parkway, Cambridge, Massachusetts 02142, as counsel to Registrant.
David A. White, a partner of such firm, owns 50,000 shares of the Common Stock
of the Registrant.
Item 8.
Exhibits
The Exhibit Index immediately preceding the exhibits is incorporated
herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York, on this 5th day of
November, 2003.
NOVAVAX, INC.
By:
/s/ Nelson M. Sims
Nelson M. Sims,
President and Chief Executive
        Officer
POWER OF ATTORNEY
We, the undersigned officers and directors of Novavax, Inc., hereby
severally constitute Nelson M. Sims and Dennis W. Genge and each of them
singly, our true and lawful attorneys with full power to them, and each of them
singly, to sign for us and in our names in the capacities indicated below, the
Registration Statement on Form S-8 filed herewith and any and all subsequent
amendments to said Registration Statement, and generally to do all such things
in our names and behalf in our capacities as officers and directors to enable
Novavax, Inc. to comply with all requirements of the Securities and Exchange
Commission, hereby ratifying and confirming our signatures as they may be
signed by said attorneys, or any of them, to said Registration Statement and
any and all amendments thereto.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated.
NAME
TITLE
DATE
/s/ Nelson M. Sims
Nelson M. Sims
President, Chief Executive
        Officer and Director
November 5, 2003
/s/ Dennis W. Genge
Dennis W. Genge
Vice President, Treasurer
        and Chief Financial Officer (Principal Financial and Accounting Officer)
November 5,2003
/s/ Gary C. Evans
Gary C. Evans
Director
November 5, 2003
/s/ Mitchell J. Kelly
Mitchell J. Kelly
Director
November 5, 2003
J. Michael Lazarus, M.D.
Director
/s/ John O. Marsh, Jr.
John O. Marsh, Jr.
Director
November 5, 2003
/s/ Michael A. McManus
Michael A. McManus
Director
November 5, 2003
/s/Denis M. O'Donnell, M.D.
Denis M. O'Donnell, M.D.
Director and Chairman of the
        Board
November 5, 2003
Ronald H. Walker
Director
Exhibit Index
Exhibit
Number
Description
5
Opinion of White White &
        Van Etten LLP
10.1
Novavax, Inc. 1995 Stock Option
        Plan (Incorporated by reference to Exhibit 10.4 to the Company's
        Registration Statement on Form 10, File No. 0-26770, filed September 14,
        1995.)
10.2
First Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit 10.3
        to the Company's Annual Report on Form 10-K, File No. 0-26770,
        filed April 15, 1999.)
10.3
Second Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit 10.3
        to the Company's Registration Statement on Form S-8, File No. 333-46000,
        filed September 18, 2000.)
10.4
Third Amendment to Novavax,
        Inc. 1995 Stock Option Plan (Incorporated by reference to Exhibit 10.4
        to the Company's Registration Statement on Form S-8, File No. 333-97931,
        filed August 9, 2002.)
10.5
Fourth Amendment to Novavax,
        Inc. 1995 Stock Option Plan
23.1
Consent of Ernst & Young
        LLP, independent auditors
23.2
Consent of White White &
        Van Etten LLP (included in Exhibit 5)
24
Power of Attorney (included
        in the signature pages of this Registration Statement)