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Dynavax Comments on Glass Lewis Recommendation

  • On June 4, 2025, Dynavax Technologies Corporation issued a press release responding to Glass Lewis' voting recommendation ahead of its June 11, 2025 Annual Meeting.
  • Dynavax attributes the discussion to its long-term strategy overseen by its refreshed Board, which Glass Lewis and ISS support despite differing views on some director nominees.
  • The company highlighted its market-leading hepatitis B vaccine HEPLISAV-B, strong financial results, including $65 million in Q1 2025 net product revenue, and over 85% completion of a $200 million share repurchase program.
  • Dynavax emphasizes the importance of reelecting its current board members, highlighting their extensive biotech and vaccine industry experience as essential for the company’s strategic leadership. This position is reinforced by endorsements from ISS and Egan Jones, which state there is no justification for board changes.
  • Glass Lewis argues that Deep Track’s nominees provide redundant skills and pursue short-term gains risking long-term value, implying continued investor support benefits Dynavax's sustained growth and stockholder value.
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Dynavax Comments on Glass Lewis Recommendation

Dynavax is Already Delivering Significant Long Term Stockholder Value Through Execution of Current Strategy Overseen by Board; Deep Track's Inferior Short-Term Plan and Nominees are Not in the Best Interests of All Stockholders

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Helena Independent Record broke the news in Helena, United States on Wednesday, June 4, 2025.
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