Dynavax Technologies Corporation (Nasdaq: DVAX) a biopharmaceutical company focused on developing and commercializing vaccines, today announced that Biological E reported that CORBEVAX™, their COVID-19 vaccine which contains Dynavax’s CpG 1018® adjuvant, received approval for emergency use from the Drugs Controller General of India (DCGI).
EMERYVILLE, Calif., Dec. 28, 2021 /PRNewswire/ -- Dynavax Technologies Corporation (Nasdaq: DVAX) a biopharmaceutical company focused on developing and commercializing vaccines, today announced that Biological E reported that CORBEVAX™, their COVID-19 vaccine which contains Dynavax’s CpG 1018® adjuvant, received approval for emergency use from the Drugs Controller General of India (DCGI). Dynavax and Biological E previously announced the execution of a commercial supply agreement (CSA) for Dynavax to supply its CpG 1018 adjuvant for use in Biological E’s CORBEVAX. “We congratulate Biological E for achieving this initial approval of their COVID-19 vaccine,” commented Ryan Spencer, Chief Executive Officer of Dynavax. “We have secured the capacity to deliver on our commitment to supply CpG 1018 adjuvant to Biological E to meet their needs for their existing contract with the Indian Government for 300 million doses, as well as any additional adjuvant required to fulfill future demand in 2022 and beyond. We are proud of the impact we are having on the pandemic by supporting equitable access to quality vaccines across the globe.” Dynavax developed its CpG 1018 adjuvant to provide an increased vaccine immune response with an improved tolerability profile. The adjuvant has a well-established safety and efficacy profile as demonstrated in global clinical trials and commercial use. CpG 1018 adjuvant is contained in Dynavax’s U.S. FDA- and European Commission-approved adult hepatitis B vaccine, as well as in two COVID-19 vaccines that have received regulatory approval or authorization. CpG 1018 adjuvant provides opportunities for Dynavax as a vaccine developer and as a commercial supplier of adjuvant. CpG 1018 adjuvant is currently being used in the development of vaccines using different technologies across multiple indications including COVID-19, Tdap, plague, and influenza. For COVID-19 specifically, Dynavax is supporting vaccine development by providing CpG 1018 adjuvant through CSAs supporting four geographically and technologically diversified vaccines, which generated over $197 million in revenue through the first three quarters of 2021. About CpG 1018 Adjuvant About Dynavax Forward-Looking Statements Contacts: Derek Cole, President
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Company Codes: NASDAQ-SMALL:DVAX |