GlobeNewswire Inc | Nov 9, 2021 09:36AM EST

November 09, 2021

SAN FRANCISCO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Novavax, Inc. (NASDAQ: NVAX) investors with significant losses to submit your losses now.

Visit:www.hbsslaw.com/investor-fraud/NVAXContact An Attorney Now:NVAX@hbsslaw.com 844-916-0895

Novavax, Inc. (NVAX) Investigation:

The U.S. government invested approximately $1.6 billion in Novavax in 2020 in the hopes it would offer a safe and effective vaccine to help protect against COVID-19.

The investigation focuses on Novavaxs and senior managements past claims about the companys progress toward successful development of its COVID-19 vaccine (NVX-CoV2373), including that it has resolved manufacturing challenges.

These claims were brought into serious question on Oct. 19, 2021, when Politico flagged manufacturing problems with Novavax that could hamper the global inoculation campaign. Politico reported the companys issues are more concerning than previously understood, according to two of the people with direct knowledge of the matter. Politico also reported [t]hey rushed the process, one of the people with knowledge of the matter said. Its hard to make. And they cant make it.

This news drove the price of Novavax shares sharply lower on Oct. 20, 2021.

Were focused on investors losses and whether Novavax may have improperly downplayed or concealed its vaccine manufacturing problems, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Novavax and have significant losses, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Novavax should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email NVAX@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: Reed Kathrein, 844-916-0895