Dynavax's Acquisition Deal Sparks Positive Reassessment

22 days ago

Speaker 2

"Yes. Okay. So, Dynavax Technologies up as much as 39%. Um, they had a 13% drop so far this year. So, this is pretty some good news. Uh, good news for them. It's DVAX. Uh, French drug maker Sanify. Uh, Santa, yeah, they agreed to buy the company for about $2.2 billion. Um, so Sani, they're they're looking to expand. They have the vaccine business. You've probably seen the commercials for their flu shot franchise. Um, Dynavax, this deal gives them a hepatitis B vaccine that's already kind of marketed in the US. It also gives them an experimental shingle shot. So, they're they're trying to kind of up their their game. Um, it CEO has been investing in research development M&A deals. He's looking for alternative revenue streams to kind of replace their top selling mel medicine which is dupixent and that is facing a patent cliff and that's the reason for that. Um, but it came after you know just minutes. Um, Santa Fe said the US Food and Drug Administration rejected its experimental multiple scerosis drug. So, this kind of was the news on the back of that."

The speaker highlights Dynavax (DVAX) experiencing a substantial rebound of 39% amid acquisition news. The commentary details how the deal with French drug maker Sanify for approximately $2.2 billion provides Dynavax with a marketed hepatitis B vaccine and an experimental shingles shot. The narrative also mentions the CEO's strategy to diversify revenue streams as its top product faces a patent cliff, suggesting near-term positive catalysts following the acquisition.

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