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Dynavax Technologies Corp.

Vaccine company reports on year of "achievement, maturation, and validation"

Published in Pharma Investments, Ventures and Law Weekly, March 20th, 2005

Dynavax Technologies Corp. (DVAX) reported financial results for the fourth quarter and year-end 2004.

The company's financial results reflect an increase in clinical-development activity as phase II/III programs in ragweed allergy immunotherapy and in hepatitis B prophylaxis advanced, as well as activity related to earlier-stage preclinical programs, which are in line with the company's goals and expectations.

As of December 31, 2004, Dynavax reported that cash, cash equivalents, and marketable securities totaled $65.8 million compared to $71.5 million at September 30, 2004 and $29.1 million at December 31, 2003. The increase in cash from 2003 to...

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