Dynavax Announces Uplisting to the Nasdaq Global Select Market

Rhea-AI Summary

Dynavax Technologies Corporation announced its uplisting to the Nasdaq Global Select Market, effective January 31, 2023. This upgrade reflects the company's strong growth and adherence to strict financial standards. CEO Ryan Spencer stated that this advancement underscores the company's execution excellence and commitment to public health through innovative vaccines. Dynavax is recognized for its commercial products, including HEPLISAV-B, a hepatitis B vaccine, and CpG 1018, an adjuvant used in multiple COVID-19 vaccines. The Nasdaq Global Select Market includes over 1,700 stocks meeting rigorous corporate governance and financial requirements.

Positive

• Uplisted to Nasdaq Global Select Market, indicating strong growth and financial performance.
• Maintains current ticker symbol 'DVAX', providing continuity for investors.
• Presence of two commercial products, improving revenue potential.

Negative

• None.

EMERYVILLE, Calif., Jan. 31, 2023 /PRNewswire/ -- Dynavax Technologies Corporation (Nasdaq: DVAX), a commercial stage biopharmaceutical company focused on developing and commercializing innovative vaccines, today announced that effective as of market open today, January 31, 2023, its common stock has been approved for uplisting to the Nasdaq Global Select Market® and will continue trading under its current ticker symbol "DVAX".

Dynavax has been approved for uplisting to the Nasdaq Global Select Market

"Dynavax's advancement to the Nasdaq Global Select Market is a further outcome of continued excellence in execution across the organization, and reflective of our strong growth and financial performance in recent years," said Ryan Spencer, Chief Executive Officer of Dynavax. "The Nasdaq Global Select Market is recognized as having the highest listing standards of any exchange in the world. Dynavax is honored to be among this class of company. I want to thank our stakeholders, partners, patients and employees, as we work diligently to execute our growth strategy in continual pursuit of the corporate mission to help protect the world against infectious disease."

Dynavax was previously listed on the Nasdaq Capital Market. The Nasdaq Global Select Market consists of over 1,700 stocks that meet Nasdaq's strictest financial and liquidity requirements and corporate governance standards.

About Dynavax
Dynavax is a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® vaccine [Hepatitis B Vaccine (Recombinant), Adjuvanted], which is approved in the U.S. and the European Union for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older, and CpG 1018® adjuvant, currently used in multiple adjuvanted COVID-19 vaccines. Dynavax is advancing CpG 1018 adjuvant as a premier vaccine adjuvant through global research collaborations and partnerships. Current collaborations are focused on adjuvanted vaccines for COVID-19, seasonal influenza, universal influenza, plague, shingles and Tdap. For more information, visit www.dynavax.com and follow the company on LinkedIn.

Forward-Looking Statements
This press release contains "forward-looking" statements, including statements regarding expected or anticipated future growth and performance. Forward-looking statements are not guarantees of future actions or performance. Actual results may differ materially from those set forth in this press release due to the risks and uncertainties inherent in our business, including the risks detailed in the "Risk Factors" and "Management's Discussion of Financial Condition and Results of Operations" sections of our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2022 and periodic filings made thereafter, as well as discussions of potential risks, uncertainties and other important factors in our other filings with the U.S. Securities and Exchange Commission. We undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available.

Contacts:
Nicole Arndt, Investor Relations
narndt@dynavax.com
510-665-7264

Derek Cole, President
Investor Relations Advisory Solutions
derek.cole@IRadvisory.com

View original content:https://www.prnewswire.com/news-releases/dynavax-announces-uplisting-to-the-nasdaq-global-select-market-301734858.html

SOURCE Dynavax Technologies

FAQ

What recent announcement did Dynavax Technologies make regarding its stock?

Dynavax announced its uplisting to the Nasdaq Global Select Market effective January 31, 2023.

What is the significance of Dynavax's uplisting to the Nasdaq Global Select Market?

The uplisting signifies Dynavax's adherence to high financial and corporate governance standards and reflects its strong growth.

Does Dynavax Technologies have any commercial products?

Yes, Dynavax has two commercial products: HEPLISAV-B and the CpG 1018 adjuvant.

What ticker symbol will Dynavax Technologies continue to use after its uplisting?

Dynavax will continue to trade under the ticker symbol 'DVAX'.

How many stocks are listed on the Nasdaq Global Select Market?

The Nasdaq Global Select Market consists of over 1,700 stocks.