(NEW YORK)–Dynavax Technologies Corp (NASDAQ: DVAX) receives $27.4 million contract purchase order from CDC for adult vaccines.
DVAX receives a purchase contract from the Centers of Disease Control (CDC) for $27.4 million for adult vaccines. Some of the vaccines purchased by the CDC were:
Hepatitis A adult vaccine
Pneumococcal Polysaccharide vaccine
Pneumococcal Conjugate (PCV13) vaccine
Measles, Mumps, and Rubella vaccine
Human Papillomavirus (HPV9) vaccine
Serogroup B Meningococcal vaccine
The vaccines awarded under these contracts will be purchased for NCIRD’s immunization awardees (the fifty state health departments, several large city programs and current and former U.S. Territories) to support adult immunization programs as provided under the Public Health Service Act.
COVID-19 Vaccine Program
What makes this a positive for DVAX is that is shows their experience and current established relationship with agencies like the CDC and FDA in not only developing but supplying vaccines for the commercial market.
DVAX announced that its collaboration partner, Clover Biopharmaceuticals, has begun a phase I study on its COVID-19 vaccine candidate that contains Dynavax’s CpG 1018 adjuvant.
An adjuvant helps to enhance the immune response of an antigen leading to rapid development of the vaccine and broader availability to patients. An adjuvanted vaccine may also help patients with chronic conditions and less responsive to vaccination.
There are many COVID-19 vaccine plays that have caught the attention of traders, such as Moderna (MRNA) Inovio Pharmaceuticals (INO) and Novavax (NVAX). What brings DVAX to this group is their experience and expertise in working with FDA and CDC in developing vaccines, and more important the manufacturing capabilities which can be just as important when reviewing plays that could make it.
DVAX sock has been rising in recent weeks and is primed to break above its key $10 mark, which could set the stage for faster move up to $15 before pausing to consolidate.
Dynavax Technologies Corporation, a biopharmaceutical company, focuses on leveraging the power of the body’s innate and adaptive immune responses through toll-like receptor stimulation. The company markets HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of hepatitis B virus in adults age 18 years and older. Its immuno-oncology portfolio includes development stage products, such as SD-101 and DV281. Dynavax Technologies Corporation has a research collaboration with Clover Biopharmaceuticals; the University of Queensland and the Coalition for Epidemic Preparedness; and Sinovac Biotech Ltd. for the development of a vaccine candidate to prevent coronavirus (COVID-19). Dynavax Technologies Corporation has partnership with the Coalition for Epidemic Preparedness Innovations (CEPI) to create a vaccine against COVID-19 infection; and a collaboration with Valneva SE to initiate a vaccine program for the coronavirus, COVID-19.
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