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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM |
December 4, 2017 |
VIA FEDEX AND EDGAR
Re: | Novavax, Inc. |
Form 10-K for the period ended December 31, 2016 | |
Filed February 27, 2017 | |
File No. 000-26770 |
Angela Connell
Jacob Luxenburg
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Dear Ms. Connell and Mr. Luxenburg:
On behalf of Novavax, Inc. (the “Company”), we are hereby providing the following response to the comment letter, dated November 30, 2017, from the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission related to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (the “2016 Form 10-K”). To assist your review, we have presented the text of the Staff’s comment in italics below. The response below is based upon information provided to us by the Company.
Form 10-K for the period ended December 31, 2016
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Contractual Obligations, page 52
1. | Please explain to us your basis for excluding the $325 million in convertible notes from your contractual obligations table. Refer to Item 303(a)(5) of Regulation S-K. |
Response to Comment:
The Company acknowledges the Staff’s comment and will include this contractual obligation in the contractual obligations table consistent with the disclosure contained on page 43 of the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Company’s 2016 Form 10-K relating to its $325 million 3.75% convertible senior unsecured notes due 2023 in its future filings, beginning with its Annual Report on Form 10-K for the fiscal year ending December 31, 2017, while these notes remain outstanding.
Novavax, Inc.
Please do not hesitate to call me at 617-951-7921 with any questions or further comments.
Sincerely, | |
/s/ Paul M. Kinsella | |
Paul M. Kinsella |
cc: |
Stanley C. Erck, Novavax, Inc. John A. Herrmann III, Novavax, Inc. |
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