Dynavax Files Investor Presentation Highlighting Superior Strategy and Board That is Delivering Strong Financial Results and Significant Long-Term Value
Presentation Underscores Deep Track's Value Destructive Plan and Inferior Slate of Director Nominees
Urges Stockholders to Vote 'FOR' All Four Dynavax Director Nominees on the GOLD Proxy Card Today
EMERYVILLE, Calif., May 12, 2025 /PRNewswire/ -- Dynavax Technologies Corporation (Nasdaq: DVAX) ('Dynavax' or the 'Company'), a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines, today announced that it has filed an investor presentation with the Securities and Exchange Commission ('SEC') in connection with its 2025 Annual Meeting of Stockholders to be held on June 11, 2025. Stockholders of record as of April 14, 2025, will be entitled to vote at the meeting.
Highlights of the presentation include:
The Dynavax Board of Directors is committed to acting in the best interests of all stockholders and unanimously recommends that stockholders vote 'FOR' all four of Dynavax's director nominees standing for election – Brent MacGregor, Scott Myers, Lauren Silvernail and Elaine Sun – on the GOLD proxy card today.
Advisors
Goldman Sachs & Co. LLC is serving as financial advisor to Dynavax and Cooley LLP is serving as legal counsel.
About Dynavax
Dynavax is a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® vaccine (Hepatitis B Vaccine (Recombinant), Adjuvanted), which is approved in the U.S., the European Union and the United Kingdom for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older, and CpG 1018® adjuvant, currently used in HEPLISAV-B and multiple adjuvanted COVID-19 vaccines. For more information about our marketed products and development pipeline, visit www.dynavax.com.
Forward-Looking Statements
This communication contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to a number of risks and uncertainties. All statements that are not historical facts are forward-looking statements. Forward-looking statements can generally be identified by the use of words such as 'continue,' 'expect,' 'will,' 'plan,' 'would' and similar expressions, or the negatives thereof, or they may use future dates. Forward-looking statements made in this document include statements regarding expected contributions from our current directors, expectations regarding delivering value for our stockholders, market share and size of the market, our business strategy and long-term performance. Actual results may differ materially from those set forth in this communication due to the risks and uncertainties inherent in our business, including, the risk that circumstances surrounding or leading up to our 2025 Annual Meeting may change, risks relating to our ability to commercialize and supply HEPLISAV-B, the risks that market size or actual demand for our products may differ from our expectations, risks related to the timing of completion and results of current clinical studies, risks related to the development and pre-clinical and clinical testing of vaccines containing CpG 1018 adjuvant, and risks related to the implementation of our long-term growth objectives, as well as other risks detailed in the 'Risk Factors' section of our Quarterly Report on Form 10-Q for the three months ended March 31, 2025 and any periodic filings made thereafter, as well as discussions of potential risks, uncertainties and other important factors in our other filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, are qualified in their entirety by this cautionary statement and we undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available. Information on Dynavax's website at www.dynavax.com is not incorporated by reference in our current periodic reports with the SEC.
Important Additional Information and Where to Find It
On April 17, 2025, the Company filed a definitive proxy statement on Schedule 14A (the 'Proxy Statement') and form of accompanying GOLD proxy card with the U.S. Securities and Exchange Commission (the 'SEC') in connection with its 2025 Annual Meeting and its solicitation of proxies for the Company's director nominees and for other matters to be voted on. The Company may also file other relevant documents with the SEC regarding its solicitation of proxies for the 2025 Annual Meeting. This communication is not a substitute for any proxy statement or other document that the Company has filed or may file with the SEC in connection with any solicitation by the Company. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT, ACCOMPANYING GOLD PROXY CARD AND OTHER RELEVANT DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain a copy of the Proxy Statement, accompanying GOLD proxy card, any amendments or supplements to the Proxy Statement and any other relevant documents filed by the Company with the SEC at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge at the Company's website at https://investors.dynavax.com/sec-filings.
Certain Information Regarding Participants
This communication is neither a solicitation of a proxy or consent nor a substitute for any proxy statement or other filings that may be made with the SEC. The Company, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in the solicitation of proxies for the 2025 Annual Meeting. Information regarding the names of such persons and their respective direct or indirect interests in the Company, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 17, 2025, including in the sections captioned 'Compensation Discussion and Analysis,' 'Summary Compensation Table,' 'Grants of Plan Based Awards,' 'Outstanding Equity Awards at Fiscal Year End,' 'Pay Ratio Disclosure,' 'Director Compensation,' 'Certain Transactions,' 'Security Ownership of Certain Beneficial Owners and Management,' and 'Supplemental Information Regarding Participants in the Solicitation.' To the extent that the Company's directors and executive officers have acquired or disposed of securities holdings since the applicable 'as of' date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC's website at www.sec.gov.
For Investors:
Paul Cox
[email protected]
510-665-0499
Or
MacKenzie Partners, Inc.
Bob Marese / John Bryan
Toll-Free: 1-800-322-2885
[email protected]
For Media:
Dan Moore / Tali Epstein
[email protected]
____________________________
1 Use of capital from 2020 to present, excluding CapEx and SG&A expense; reflects full execution of the $200 million share repurchase program.
View original content to download multimedia: https://www.prnewswire.com/news-releases/dynavax-files-investor-presentation-highlighting-superior-strategy-and-board-that-is-delivering-strong-financial-results-and-significant-long-term-value-302452103.html
SOURCE Dynavax Technologies
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Manhattan Renters Already Paying Record Prices Face More Hikes
Manhattan apartment rents reached yet another all-time high last month and are expected to keep rising as the market's most competitive season collides with the city's new broker-fee law. The median rent on new leases signed in May was $4,571, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman. It was the third record price reached in the past four months and exceeded the previous peak by $71.
Digital Trends
24 minutes ago
- Digital Trends
SpaceX Starlink rivalry grows as next Kuiper deployment nears
Amazon is about to send another batch of Project Kuiper internet satellites to orbit as it seeks to take on SpaceX's Starlink service to provide broadband internet to customers around the world. The tech giant has a long way to go before it has any hope of effectively challenging Starlink, but with its second launch set for next week, progress is being made toward its goal. Recommended Videos Project Kuiper is currently targeting Monday, June 16, for the launch of 27 internet satellites aboard a United Launch Alliance (ULA) Atlas V rocket from Cape Canaveral in Florida. The KA-02 mission comes seven weeks after the first Project Kuiper launch, which also deployed 27 internet satellites. Commenting after the inaugural launch, Rajeev Badyal, vice president of Project Kuiper, said: 'We've designed some of the most advanced communications satellites ever built, and every launch is an opportunity to add more capacity and coverage to our network.' SpaceX began deploying its Starlink internet satellites six years ago and now has more than 7,000 of them in low-Earth orbit, bringing broadband connectivity to more than 5 million customers globally. Project Kuiper says its initial constellation will be made up of more than 3,200 satellites, with more than 80 missions needed to reach that goal. To that end, Amazon has put together a busy launch schedule, with six additional satellite deployments planned for ULA's Atlas V rocket, at least 38 on ULA's Vulcan Centaur rocket, and dozens more with Arianespace and Blue Origin. SpaceX's workhorse Falcon 9 rocket may even help out. Amazon is targeting as early as the end of this year for the launch of a high-speed, low-latency satellite-powered internet service, with as few as 1,000 satellites needed for global coverage. Building out the constellation to the targeted 3,200 satellites will help to boost network performance and reliability for paying customers.
Yahoo
24 minutes ago
- Yahoo
House Republicans draft competing budget as Senate nears deal with Hobbs
Photo by Jerod MacDonald-Evoy | Arizona Mirror Arizona lawmakers are at odds again, but this time it's the Republicans in the House of Representatives and Senate who can't agree on how to forge the state budget. Creating the state budget — deciding how much to allocate to departments, projects and initiatives or whether to fund them at all — is the most important job that legislators do each year, and the only thing they are constitutionally required to complete. Before the group of bills that will become the state budget becomes law, it must be approved by a majority in both the Arizona Senate and House — which are both controlled by Republicans — and garner a signature from Democratic Gov. Katie Hobbs. In recent history, budget negotiations in Arizona have occurred behind closed doors among the governor and legislative leaders in the House and Senate. But this year is different, with Hobbs and Republican leaders in the Senate nearing a deal after weeks of negotiations. GOP leaders in the House, who haven't been involved in those talks, have responded by drafting their own budget, which was introduced late Wednesday afternoon. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX 'This is a sound, disciplined budget that delivers safe communities, strong families, and a government that lives within its means,' House Speaker Steve Montenegro said in a Wednesday evening statement. 'We're raising pay for our state law enforcement officers, reducing tuition at public universities, fully funding school choice, fixing critical infrastructure and roads, and protecting taxpayers. Our budget reins in government and puts it back to work for the people it serves.' But the spending package, which is chock-full of proposals that are unlikely to pass muster with Hobbs, will never become law. Instead, it is better viewed as a way for House Republicans to lay down a marker in order to force Hobbs and the Senate to move closer to the House's proposal. Republican political consultant Barrett Marson said House GOP leaders are hoping to demonstrate that the chamber can pass a spending plan in order to get leverage in the negotiations. 'Sometimes there's just gotta be movement to unstick a sticky situation,' he said. 'The House has an equal voice. And unlike previous years when one or both chambers had a go-it-alone ethos, the House isn't looking to be draconian or anything. They want something more responsible.' Marson said a major point of contention between the House and Senate is what to do with the budget surplus. While the Senate and Hobbs have settled on copying the novel process from 2023, in which each lawmaker was given a pot of money from the surplus that was used to fund whatever initiatives they wanted, the House wants to negotiate all of those details and not surrender control of that money to individual legislators. During a House Rules Committee meeting earlier Wednesday afternoon, House Minority Leader Oscar De Los Santos, of Laveen, said he was disappointed in the way the budgeting process was happening this year. 'We should not be moving forward with a House Republican-only budget that is destined to fail,' he said. 'This will not get signed by the governor. I don't even think it's going to pass out of the Senate.' De Los Santos even questioned whether the proposal would get enough votes to pass through the House, where Republicans hold 33 of the chamber's 60 seats. 'What we do know is that this is not a negotiated, bipartisan deal in good faith,' he said. 'House Democrats are at the table negotiating in a bipartisan way with the executive, with our (Senate) counterparts across the courtyard. That is the way to get things done in shared government.' But Republican Rep. Neal Carter, of San Tan Valley, replied that the work of governing should be done transparently, instead of in private — and that it should allow for input from the public. 'As a Republican, I stand for full transparency and not for back-room deals or negotiated budgets with parties that are somehow outside of this public process,' Carter said. The House Republican budget, introduced by House Appropriations Committee Chairman David Livingston, proposes significant changes in how federal money allocated to the state, but not restricted to specific uses, is controlled. The billions in unrestricted federal funds, currently controlled by the governor, would shift to legislative control and could only be spent on essential government services. The House GOP's budget proposal would also place new restrictions and monitoring requirements on entitlement programs, like the Arizona Health Care Cost Containment System — the state's Medicaid program — and the Supplemental Nutrition Assistance Program, formerly called food stamps. Both programs would be monitored on at least a quarterly basis for participants who don't qualify, to be kicked off. And any participants who win $3,000 or more through gambling or playing the state lottery and don't report those winnings would become ineligible. It would also give the Arizona Department of Economic Security the authority to screen recipients of Temporary Assistance for Needy Families for illegal drug use and would ban anyone who tests positive for drugs not prescribed to them from the cash assistance program for a year. House Republicans also intend to increase the percentage of money spent in K-12 classrooms, as opposed to on administration; to decrease tuition for students attending the state's three public universities; and to ban those universities from using public or private money to give scholarships to students without legal immigration status. Hobbs introduced her budget proposal, which includes a much different list of priorities, back in January. Shortly after that, Livingston and Rep. Matt Gress, R-Phoenix, panned her proposal for leaving out projected cost increases for programs like AHCCCS. Hobbs spokesman Christian Slater told the Arizona Mirror on Wednesday that Livingston and Gress were to blame for the House's lack of collaboration on the budget. 'This is DDD all over again,' Slater said via email, referring to a fight earlier this year over funding for the Department of Developmental Disabilities. 'It's another circus led by the Speaker, David Livingston, and Matt Gress where they have refused to participate with any caucuses, including their Republican counterparts in the Senate, in a meaningful manner and are once again just trying to score some political points even though they know their plan is going absolutely nowhere.' Livingston and Gress, a former budget director for Republican Gov. Doug Ducey, were both key players in the fight over an extra $122 million in emergency funding for DDD that put vital services for the developmentally disabled in jeopardy. 'Rather than being productive, the House Republican leadership continues to show they are in over their head and unserious about governing,' Slater said. The House Appropriations Committee is set to discuss the proposal Thursday morning. The Senate Republicans have not introduced their budget proposal. SUPPORT: YOU MAKE OUR WORK POSSIBLE
