Dynavax Reports Second Quarter 2011 Financial Results

(firmenpresse) - BERKELEY, CA -- (Marketwire) -- 07/20/11 -- Dynavax Technologies Corporation (NASDAQ: DVAX) today reported financial results for the second quarter ended June 30, 2011. Cash, cash equivalents and marketable securities were $61.7 million at June 30, 2011, compared to $53.2 million at March 31, 2011 and $72.2 million at December 31, 2010. During the second quarter, the Company raised approximately $18.7 million through its At-the-Market common stock purchase agreement with Aspire Capital and received a $6 million milestone payment from GlaxoSmithKline from the initiation of a Phase 1 trial in the partnered lupus program.



Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious and inflammatory diseases. The Company's lead product candidate is HEPLISAV™, a Phase 3 investigational adult hepatitis B vaccine designed to provide rapid and superior protection with fewer doses than current licensed vaccines. For more information visit .

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Jennifer Lew
Vice President, Finance
510-665-7217


Michael Ostrach
Vice President and Chief Business Officer
510-665-7257

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 20.07.2011 - 11:30 Uhr
Sprache: Deutsch
News-ID 36139
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BERKELEY, CA

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Biotech

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