Dynavax (DVAX) Shares Rise 1.9% as New Bidder Emerges Post-Sanofi Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: seekingalpha
- New Bidder Emergence: Following the agreement with Sanofi for a $2.2 billion acquisition, Dynavax (DVAX) shares rose 1.9%, indicating market interest in potential competing bids that could affect the final deal outcome.
- Acquisition Details: Sanofi agreed to acquire Dynavax at $15.50 per share, representing a 39% premium over the closing price on December 23, reflecting market confidence in the transaction and expectations for Dynavax's future value.
- Competitive Interest: On December 28, an unidentified 'Party A' expressed continued interest in Dynavax and sent an unsolicited email to CEO Spencer, highlighting ongoing market interest and potential acquisition competition.
- Management Response: According to a proxy filing, Spencer did not respond to 'Party A's' email and informed the Board, a move that could influence the negotiation process and strategic direction for Dynavax.
Analyst Views on DVAX
Wall Street analysts forecast DVAX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DVAX is 21.00 USD with a low forecast of 11.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
0 Hold
1 Sell
Moderate Buy
Current: 15.410
Low
11.00
Averages
21.00
High
32.00
Current: 15.410
Low
11.00
Averages
21.00
High
32.00
About DVAX
Dynavax Technologies Corporation is a commercial-stage biopharmaceutical company developing and commercializing vaccines to help protect against infectious diseases. The Company has two commercial products: HEPLISAV-B vaccine (Hepatitis B Vaccine (Recombinant), Adjuvanted), and CpG 1018 adjuvant. The HEPLISAV-B vaccine is used for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older. HEPLISAV-B is a two-dose in-one-month adult hepatitis B vaccine. CpG 1018 adjuvant is used in HEPLISAV-B and multiple adjuvanted COVID-19 vaccines. The Company is advancing a pipeline of differentiated product candidates that leverage its CpG 1018 adjuvant to develop improved vaccines in indications with unmet medical needs. Its pipeline programs include Shingles vaccine program (Z-1018) and Plague vaccine program. Z-1018 is an investigational vaccine candidate being developed for the prevention of shingles in adults aged 50 and older.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
