1995 The spin-off
I first got into Novavax back in the bird flu scare days. When I looked at the chart I could see they had been in existence for many years but I had little idea as to what that chart represented. I did little reading of official paperwork at the time but now enjoy reading current SEC filings on companies I follow. This is the first part of what I expect will be a long running corporate history of Novavax as gleaned from the corporate filings that I can find. When I have slow days I will slog thru another year and summarize the info here. As I complete another year I will go back and add links to the next year.
I do this with the following thoughts:
1. The history of this company has little impact on the current company.
2. I will focus on what has happened with the current leadership and board to see if they are worth keeping around.
3. Focus on products and sales.
4. I expect that too much attention to a lengthy history could influence me to sell out a useless company.
Novavax was incorporated in 1987. In December 1995 IGI Labs (now still a business under the name Teligent (TLGT)) spun off Novavax as a separate company. The new company was AMEX listed under symbol NOX. One of the board members of IGI was Dick Cheney. Perhaps the company was a collection of companies, Micro-Pak, Micro-Vesicular Systems, and Lipovax. Novavax was the human vaccine component of an animal vaccine company.
Continue here: http://4nursebee.blogspot.com/2016/06/novavax-in-1996.html