BiondVax Announces First Quarter 2019

BiondVax Announces First Quarter 2019

Jerusalem, Israel - May 30, 2019

BiondVax Pharmaceuticals Ltd. (Nasdaq:

BVXV), a clinical stage biopharmaceutical company focused on developing and commercializing M-001, a universal flu vaccine candidate,

today announced its financial results for the quarter ended March 31, 2019.

First Quarter 2019 Financial Summary

Results are in New Israel Shekels (NIS) and convenience translation

to $US is provided using the exchange rate of 3.63 (NIS/$US) as at March 31, 2019.

As of March 31, 2019, BiondVax had cash

and cash equivalents of NIS 57.5 million ($15.8 million) as compared to NIS 75.8 million as of December 31, 2018. The decrease

is attributable to execution of planned ongoing operations related to the ongoing pivotal, clinical efficacy, Phase 3 trial of

the Company's M-001 Universal Flu Vaccine candidate.

** Tables to Follow **

(NASDAQ: BVXV) is a Phase 3 clinical stage biopharmaceutical company developing a universal flu vaccine. The vaccine candidate,

called M-001, is designed to provide multi-strain and multi-season protection against current and future, seasonal and pandemic

influenza. BiondVax's proprietary technology utilizes a unique combination of conserved and common influenza virus peptides

intended to stimulate both arms of the immune system for a cross-protecting and long-lasting effect. In a total of 6 completed

Phase 1/2 and Phase 2 clinical trials, covering 698 participants, the vaccine has been shown to be safe, well-tolerated, and immunogenic.

The ongoing pivotal Phase 3 clinical trial aims to assess safety and effectiveness of M-001 in reducing flu illness and severity.

Please visit www.biondvax.com.

Joshua E. Phillipson | +972 8 930

2529 | j.phillipson@biondvax.com

Forward Looking Statements

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 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, the prosecution and

outcome of the ongoing Phase 2 and Phase 3 trials and any subsequent trials; timing of receipt of regulatory approval of the

new manufacturing facility; ability to demonstrate the efficacy and safety of the vaccine; the timing of clinical trials and marketing

approvals; the risk that drug development involves a lengthy and expensive process with uncertain outcome; the ability of the Company

to maintain, preserve and defend its intellectual property and patents granted; whether our vaccine candidate will successfully

advance through the clinical trial process on a timely basis, or at all, and receive approval from the United States Food

and Drug Administration or equivalent foreign regulatory agencies; the adequacy of available cash resources and the ability

to raise capital when needed. More detailed information about the risks and uncertainties affecting the Company is contained

under the heading "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2018 filed with

the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC's website, www.sec.gov, and in the

Company's periodic filings with the SEC. We undertake no obligation to revise or update any forward-looking statement for

In thousands, except share and per share data

STATEMENTS OF COMPREHENSIVE

In thousands, except share and per share data