Welcome to our dedicated page for Dynavax Technologies Corporation news (Ticker: DVAX), a resource for investors and traders seeking the latest updates and insights on Dynavax Technologies Corporation stock.
Dynavax Technologies Corporation (Nasdaq: DVAX) is a prominent clinical-stage biopharmaceutical firm dedicated to developing innovative vaccines targeting infectious and inflammatory diseases, as well as cancer. With its headquarters in Emeryville, California, the company is renowned for leveraging the body's innate and adaptive immune responses through its proprietary Toll-like Receptor Immune Modulation Platform technology.
Core Products and Clinical Pipeline:
- HEPLISAV-B®: Approved in the U.S., EU, and Great Britain, HEPLISAV-B is the first and only adult hepatitis B vaccine that allows series completion with just two doses in one month. It continues to show strong market expansion and revenue growth.
- CpG 1018® Adjuvant: An essential component in multiple adjuvanted COVID-19 vaccines, this adjuvant enhances the immune response.
- Shingles Vaccine Program (Z-1018): In development for preventing shingles in adults aged 50 and older, promising robust immune responses.
- Tdap Vaccine Program (Tdap-1018): Focused on active booster immunization against tetanus, diphtheria, and pertussis.
- Plague Vaccine Program (DV2-PLG-01): In Phase 2 clinical trials, this program is fully funded by the U.S. Department of Defense.
Recent Achievements and Financial Highlights:
- Dynavax reported record revenue growth for HEPLISAV-B in 2023, capturing significant market share in the adult hepatitis B vaccine sector.
- As of December 31, 2023, the company had cash, cash equivalents, and marketable securities worth $742.3 million, underpinning its strong financial foundation.
- For the first quarter of 2024, Dynavax's net loss was reduced compared to the same period in 2023, due to improved operational efficiencies and strategic market initiatives.
Strategic Partnerships:
Collaborations with global biopharmaceutical companies, including AstraZeneca in Europe, further strengthen Dynavax's market position and broaden its product reach.
For detailed financial information and ongoing updates, investors can access the company's Events & Presentations page on their official website.
Dynavax Technologies Corporation (Nasdaq: DVAX) will have CEO Ryan Spencer participate in a virtual fireside chat at the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. The on-demand presentation will be available from September 12, 2022, at 7:00 a.m. E.T., accessible via the Investors section on Dynavax's website. The company focuses on innovative vaccines, with products like HEPLISAV-B® and CpG 1018® adjuvant, aimed at combating infectious diseases. For more information, visit www.dynavax.com.
Dynavax Technologies (DVAX) reported Q2 2022 total revenue of $256.5 million, a remarkable 386% increase from $52.8 million in Q2 2021. Notable revenue includes $32.7 million from the HEPLISAV-B vaccine, up 139%, and $222.6 million from CpG 1018 adjuvant sales, skyrocketing by 471%. The company is on track for a second consecutive year of profitability. GAAP net income reached $128.8 million or $1.02 per share. With cash reserves of $518.2 million, Dynavax anticipates full-year revenues between $550 million and $600 million for CpG 1018 adjuvant.
Dynavax Technologies Corporation (Nasdaq: DVAX) is set to report its second quarter financial results on August 4, 2022, post-market close. The company will also host a conference call and live audio webcast at 4:30 p.m. ET. Interested parties can access the webcast via the company's website. Dynavax is known for its innovative vaccines, including HEPLISAV-B for hepatitis B and the CpG 1018 adjuvant, which is utilized in various COVID-19 vaccines. The forthcoming financial results are highly anticipated by investors.
Dynavax Technologies Corporation (Nasdaq: DVAX) announced participation in the William Blair 42nd Annual Growth Stock Conference on June 6, 2022, at 4:40 p.m. C.T. CEO Ryan Spencer and CFO Kelly MacDonald will represent the company. A live webcast of the event will be available on the company's Investors page, with a replay accessible afterward. Dynavax specializes in developing innovative vaccines, including HEPLISAV-B® for hepatitis B and CpG 1018 adjuvant used in COVID-19 vaccines.
Dynavax Technologies Corporation (Nasdaq: DVAX) announced its participation in the H.C. Wainwright Global Investment Conference from May 23-26, 2022. CEO Ryan Spencer will present at the event. The on-demand presentation will be accessible starting May 24, 2022, at 7:00 a.m. E.T., through the Company's website. Dynavax focuses on developing innovative vaccines, including the HEPLISAV-B® vaccine for Hepatitis B and CpG 1018 adjuvant used in COVID-19 vaccines. For more details, visit dynavax.com.
Dynavax Technologies Corporation (DVAX) reported a strong first quarter of 2022 with total revenues of $114.0 million, a 37% increase from $83.3 million in Q1 2021. The HEPLISAV-B® vaccine generated $20.8 million, a 151% rise year-over-year, while CpG 1018® adjuvant revenue reached $91.5 million, up 23%. The company remains on track for a second consecutive year of profitability and maintains its 2022 guidance for CpG 1018 revenue of at least $550 million. Additionally, Dynavax is advancing its clinical pipeline, expecting key data readouts later this year.
Dynavax Technologies Corporation (Nasdaq: DVAX) will release its first quarter 2022 financial results on May 5, 2022, after U.S. market close. A conference call and live audio webcast are scheduled for the same day at 4:30 p.m. ET. Investors can access the webcast via the company's website or by calling (866) 420-4066. The company focuses on developing innovative vaccines, including HEPLISAV-B for hepatitis B and CpG 1018 adjuvant for various vaccines.
Dynavax Technologies Corporation (Nasdaq: DVAX) announced the granting of restricted stock units (RSUs) covering 28,250 shares to five new employees as part of their employment incentive. The RSUs, granted on April 1, 2022, have an exercise price of $11.26 per share, matching the stock's closing price on the grant date. These RSUs will vest at a rate of one-third per year and comply with Nasdaq Listing Rule 5635(c)(4). Dynavax continues to focus on developing vaccines against infectious diseases, including its approved hepatitis B vaccine.
Dynavax Technologies Corporation (Nasdaq: DVAX) announced the granting of nonstatutory stock options to purchase 33,250 shares and restricted stock units (RSUs) for 48,250 shares to a new employee, effective March 7, 2022. The exercise price of the options is $9.87 per share, equal to the stock's closing price on the grant date. The stock options will vest over three years, while the RSUs will vest one-third per year. These grants comply with Nasdaq Rule 5635(c)(4) and form part of the 2021 Inducement Award Plan.
Dynavax Technologies Corporation (Nasdaq: DVAX) announced on March 3, 2022, the grant of restricted stock units (RSUs) covering 16,000 shares to two newly-hired employees, effective March 1, 2022. The exercise price for these stock options is set at $12.21 per share, matching the closing price on the grant date. The RSUs will vest one-third annually, contingent on continued service. This grant complies with Nasdaq Listing Rule 5635(c)(4) and is part of Dynavax's 2021 Inducement Award Plan, aimed at attracting new talent.
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