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Dynavax Technologies Corporation

Dynavax Announces First Quarter 2008 Financial Results

Published in Vaccine Weekly, May 14th, 2008

Dynavax Technologies Corporation (Nasdaq: DVAX) reported financial results for the first quarter ended March 31, 2008.

As of March 31, 2008, Dynavax reported cash, cash equivalents, marketable securities and investments held by Symphony Dynamo, Inc. (SDI) totaling $73.2 million. This compares to $88.2 million at December 31, 2007.

For the first quarter 2008, total revenues were $6.3 million, compared to $2.0 million reported for the first quarter in 2007. The increase in revenues for the first quarter reflects research and development funding from Merck & Co. Inc. for HEPLISAV(TM), our hepatitis B vaccine product candidate. The reported revenues do...

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