Dynavax Announces Preliminary Unaudited Fourth Quarter and Full Year 2024 Financial Highlights
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Dynavax Technologies Corporation reported a 26% increase in HEPLISAV-B® net product revenue for 2024, reaching approximately $268 million. The company completed enrollment for its Phase 1/2 shingles trial, with results expected in Q3 2025, and secured a $30 million contract with the U.S. Department of Defense for its plague vaccine program. As of December 31, 2024, Dynavax had $714 million in cash, cash equivalents, and marketable securities.
January 13, 2025 | 2:15 pm
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Dynavax Technologies reported strong financial performance with a 26% increase in HEPLISAV-B® revenue and a new $30 million contract with the U.S. Department of Defense. The company also completed enrollment for its shingles vaccine trial.
The 26% increase in HEPLISAV-B® revenue indicates strong product performance, which is positive for Dynavax's financial health. The $30 million contract with the U.S. Department of Defense provides additional revenue and validates the company's vaccine development capabilities. Completing enrollment for the shingles trial is a significant milestone, potentially leading to future product offerings. These factors collectively suggest a positive short-term impact on DVAX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100