Dynavax Technologies Corp (DVAX) Posts Mixed Q2 Results

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Dynavax (DVAX) Reports DV1179 Did Not Meet Endpoints in Phase 1b/2a

August 7, 2014 6:27 AM EDT

Dynavax (Nasdaq: DVAX) reported financial results for the second quarter ended June 30, 2014 and pharmacodynamic and safety results from clinical studies of its asthma drug candidate partnered with AstraZeneca (NYSE: AZN) and its systemic lupus erythematosus (SLE) drug candidate partnered with GlaxoSmithKline.

Second quarter 2014 financial results

Dynavax had $154.3 million in cash, cash equivalents and marketable securities as of June 30, 2014. Total operating expenses for the quarter ended June 30, 2014 of $27.9 million increased by $10.4 million compared to the quarter ended March 31, 2014 as a result of the initiation of HBV-23 and... More