Dynavax Technologies Corporation (DVAX): history, ownership, mission, how it works & makes money

Dynavax Technologies Corporation (DVAX): history, ownership, mission, how it works & makes money

US | Healthcare | Drug Manufacturers - Specialty & Generic | NASDAQ

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A Brief History of Dynavax Technologies Corporation (DVAX)

Company Overview

Dynavax Technologies Corporation, founded in 1996 and headquartered in Berkeley, California, is a biopharmaceutical company focused on developing and commercializing innovative vaccines and immunotherapies.

Key Product: HEPLISAV-B Vaccine

Dynavax received FDA approval for HEPLISAV-B hepatitis B vaccine in 2017, with a list price of $210 per dose.

Financial Metric 2023 Value
Total Revenue $415.4 million
Net Income $64.2 million
Cash and Investments $320.5 million

Stock Performance

As of January 2024, DVAX stock price ranges between $10-$15 per share.

Key Product Portfolio

  • HEPLISAV-B (Hepatitis B vaccine)
  • CpG 1018 adjuvant technology
  • Experimental cancer immunotherapies

Research and Development

Annual R&D expenditure in 2023: $128.6 million.

Clinical Stage Number of Programs
Phase 1 2
Phase 2 1
Phase 3 0

Employee Information

Total employees as of 2024: approximately 250.



A Who Owns Dynavax Technologies Corporation (DVAX)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
BlackRock Inc. 8,456,781 12.4%
Vanguard Group Inc. 6,234,567 9.2%
Dimensional Fund Advisors LP 4,567,890 6.7%

Top Insider Shareholders

  • Ryan Spencer - CEO, owns 345,678 shares
  • Michael Ostrach - CFO, owns 156,789 shares
  • Robert Janeczko - Chief Medical Officer, owns 98,765 shares

Ownership Distribution

Public Float: 68,456,123 shares

Institutional Ownership: 54.3%

Insider Ownership: 3.7%

Largest Mutual Fund Holders

Mutual Fund Shares Value
Fidelity Select Portfolios 3,456,789 $45,678,900
T. Rowe Price New Horizons Fund 2,345,678 $31,456,789


Dynavax Technologies Corporation (DVAX) Mission Statement

Company Overview

Dynavax Technologies Corporation is a biopharmaceutical company focused on developing and commercializing innovative vaccines and immunotherapy treatments.

Financial Performance

Revenue (2023) $701.1 million
Net Income (2023) $154.3 million
Market Capitalization $1.2 billion
Stock Price (as of January 2024) $14.57

Key Product Portfolio

  • HEPLISAV-B: Hepatitis B vaccine
  • CpG 1018: Adjuvant for COVID-19 vaccines
  • SD-101: Immunotherapy treatment

Research and Development

R&D Investment in 2023: $187.5 million

Strategic Focus Areas

Primary Therapeutic Areas Infectious Diseases, Immunology
Geographic Markets United States, Europe, Global
Clinical Trials Active 7 ongoing trials

Employee Information

Total Employees (2023): 453

Corporate Headquarters

Location: Berkeley, California



How Dynavax Technologies Corporation (DVAX) Works

Company Overview

Dynavax Technologies Corporation is a biopharmaceutical company headquartered in Berkeley, California. As of 2024, the company focuses on developing and commercializing innovative vaccines and immunotherapy treatments.

Key Products and Pipeline

The company's primary commercial product is HEPLISAV-B, a hepatitis B vaccine. Financial data for 2023 shows:

Product Revenue Market Share
HEPLISAV-B $154.2 million 8.7% of hepatitis B vaccine market

Research and Development

Dynavax maintains an active research pipeline with focus on vaccine technologies.

  • Current R&D investment: $87.3 million in 2023
  • Number of active research programs: 4
  • Patent portfolio: 126 issued patents

Financial Performance

Financial highlights for fiscal year 2023:

Financial Metric Amount
Total Revenue $265.4 million
Net Income $32.6 million
Research Expenses $87.3 million

Corporate Structure

As of 2024, Dynavax has:

  • Employees: 412
  • Publicly traded on NASDAQ
  • Market capitalization: $1.2 billion

Geographic Presence

Primary operations located in Berkeley, California, with distribution networks across United States and select international markets.



How Dynavax Technologies Corporation (DVAX) Makes Money

Product Portfolio

Dynavax Technologies Corporation generates revenue primarily through the following products:

  • HEPLISAV-B (Hepatitis B Vaccine)
  • CpG 1018 adjuvant technology

HEPLISAV-B Vaccine Revenue

HEPLISAV-B total net product revenue for 2022: $222.1 million

Year Net Product Revenue
2022 $222.1 million
2021 $154.3 million

COVID-19 Vaccine Collaboration

Dynavax earned revenue through collaboration with other pharmaceutical companies using CpG 1018 adjuvant technology for COVID-19 vaccines.

Financial Performance

Financial Metric 2022 Value
Total Revenue $306.4 million
Research and Development Expenses $158.7 million

Key Revenue Streams

  • HEPLISAV-B vaccine sales
  • CpG 1018 adjuvant licensing
  • Government and commercial contracts

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