logo
  

Dynavax Issues Update On CpG 1018 Purchase Orders From Valneva SE - Quick Facts

Dynavax Technologies Corp. (DVAX) said Valneva SE has received a termination notice from the United Kingdom Government in relation to Valneva's supply agreement for its COVID-19 vaccine candidate, VLA2001. Valneva is one of a number of companies developing COVID vaccines using CpG 1018 as an adjuvant. Under Dynavax's supply agreement for CpG 1018, purchase orders submitted by Valneva are cancellable if the UK Government reduces or terminates its order for VLA2001.

Dynavax said if Valneva's existing purchase orders are cancelled, the company will work to reallocate CpG 1018 inventory to its other COVID-19 collaborators.

Dynavax reiterated its belief that CpG 1018 supply contracts continue to represent an approximately $300 million - $400 million aggregate revenue opportunity in 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
Follow RTT