HEPLISAV-B Revenue Growth
HEPLISAV-B generated approximately $90 million in net product revenue this quarter, representing a 13% increase year-over-year. The U.S. adult hepatitis B vaccine market share reached 46%, up from 44% in the prior year period.
Shingles Vaccine Program Progress
Progress was made in the shingles vaccine program with the initiation of Part 2 of the Phase I/II study in adults aged 70 years and older. Top line immunogenicity and safety results are expected in the second half of 2026.
Strategic Deal with Vaxart
Dynavax executed a strategic deal to access a Phase IIb COVID-19 oral vaccine candidate from Vaxart. The program has enrolled over 5,400 subjects in a Phase IIb safety and efficacy study.
Share Repurchase Program
Authorization of a new $100 million share repurchase plan, reflecting confidence in the company's long-term growth and commitment to enhancing shareholder value.
Financial Performance
GAAP net income of $27 million for the third quarter of 2025, compared to $18 million in the third quarter of 2024. Non-GAAP adjusted EBITDA improved to $36 million, up from $25 million last year.