Announces Intent to Launch a Phase 2 Trial in the

Announces Intent to Launch a Phase 2 Trial in the

States in Collaboration with the U.S. National Institutes of Health

Ziona, Israel - September 2, 2015 - BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV, TASE: BVXV) today announced the

intent of the National Institute of Allergy and Infectious Diseases (NIAID), part of the U.S. National Institutes of Health (NIH)

within the Department of Health and Human Services (HHS), to launch a new phase 2 trial to be held in the United States in the

2015-16 timeframe. The trial will examine the use of BiondVax's universal flu vaccine candidate, Multimeric-001 (M-001),

as a primer vaccine, which would be administered several weeks before a pandemic vaccine. The trial will be a collaboration between

BiondVax and the National Institute of Allergy and Infectious Diseases.

trial will assess the ability of M-001 in humans to serve as a pandemic primer to the H7N9 avian pandemic vaccine, by enhancing

protective immunity to these highly pathogenic avian influenza H7 strains. It will also look to strengthen previous clinical and

pre-clinical findings on M-001 priming capacity to other seasonal and pandemic strains.

a strain-specific flu vaccine for a pandemic outbreak takes 4-6 months to manufacture, a period during which the virus can spread

rapidly, causing high levels of illness and mortality. Stockpiling of M-001 as a pandemic primer would enable vaccination schedules

to start immediately upon any pandemic declaration.

is currently producing the M-001 vaccine batch for this clinical trial.

Babecoff, BiondVax's President and CEO, commented, "The recognition of the potential of our technology by a foremost

public health authority in the United States, is a significant milestone in our clinical development program. This trial will

assess our vaccines' ability to be used as the stockpiled flu vaccine for pandemic protection. The scenario is that immediately

following a flu pandemic outbreak of any strain, our vaccine could be used from day zero, saving multiple lives and limiting the

wild spread of a flu pandemic. This collaboration with NIAID brings us a significant step closer to our Phase 3 clinical trial."

Ben-Yedidia, BiondVax's Chief Scientific Officer, commented, "This important trial is examining the use of M-001

in the event of an H7 avian influenza outbreak. It is complementary to a previous clinical trial in the elderly that concluded

successfully, showing enhanced immunogenicity against the H1N1 swine pandemic virus in participants that received our M-001 vaccine

as primer. This study is also complementary to our upcoming European clinical trial in which the M-001 will serve as a primer

to the H5N1 avian pandemic vaccine."

BiondVax Pharmaceuticals Ltd

is an innovative biopharmaceutical company developing a universal flu vaccine, designed to provide multi-season and multi-strain

protection against most human influenza virus strains, including both seasonal and pandemic flu strains.

technology utilizes a unique, proprietary combination of conserved and common peptides from influenza virus proteins to activate

both arms of the immune system for a cross-protecting and long-lasting effect.

press release contains forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Words such

as "expect," "believe," "intend," "plan," "continue," "may," "will,"

"anticipate," and similar expressions are intended to identify forward-looking statements. These forward-looking statements

involve certain risks and uncertainties reflect the management's current views with respect to certain current and future events

and are subject to various risks, uncertainties and assumptions that could cause the results to differ materially from those expected

by the management of BiondVax Pharmaceuticals Ltd. Risks and uncertainties include, but are not limited to, uncertainty of clinical

trial results or regulatory approvals or clearances, final results from subsequent clinical trials, risks inherent in the

development and commercialization of potential products, dependence upon collaborators, and adequacy of capital resources for

product development and commercialization. The risks, uncertainties and assumptions referred to above are discussed in detail

in our reports filed with the Securities and Exchange Commission, including our Prospectus which was declared effective on May

11, 2015. BiondVax Pharmaceuticals Ltd. undertakes no obligation to update or revise any forward-looking statements.

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