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Biotech / Medical : Avian ("Bird") Flu Stocks
NNVC 1.850-2.6%Nov 7 9:30 AM EST

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From: Norm Demers10/21/2005 8:48:24 AM
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NVAX upgraded.
Friday , October 21, 2005 07:51 ET

Issuer: Novavax, Inc. (NasdaqNM: NVAX)

Analyst Firm: RBC Capital Markets

Ratings Action: UPGRADE

Current Rating: Sector Perform (from Underperform)

Analyst Comments: The firm based their upgrade on recently announced license and supply agreement with Esprit Pharma for NVAX's Estrasorb, a topical estrogen therapy. They think the deal was essential to NVAX because it provides the company with much needed capital.
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